CPS closes $767.85 million asset-backed securitization

Bitget2026/10/21 18:30

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CPS closed a $767.85 million senior subordinate asset-backed securitization on October 21, 2026, its fourth term securitization of the year.
The five classes of asset-backed notes are secured by $797.36 million in automobile receivables.
The notes carry an approximately 6.68% weighted average coupon; the senior class received triple-A ratings from Moody's and DBRS Morningstar.
Initial credit enhancement includes a cash deposit of 1% of the original receivable pool balance, with 3.7% overcollateralization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPS - Consumer Portfolio Services Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610211430PRIMZONEFULLFEED9850603) on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CPS closes $767.85 million asset-backed securitization

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