KBRA Rates Carvana Notes

By Staff Writer May 20, 2021

Kroll Bond Rating Agency has assigned preliminary ratings to six classes of notes issued by Carvana Auto Receivables Trust 2021-N2, an auto loan ABS transaction.

CRVNA 2021-N2 represents the third term ABS securitization for Carvana LLC in 2021, the third under its non-prime shelf, and the ninth overall. CRVNA 2021-P2 will issue six classes of notes totaling $400.0 million. The transaction is collateralized by approximately $400 million of automobile loans to primarily non-prime obligors as defined by the company.

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Last modified on Thursday, 20 May 2021 14:09