{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-000570","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2025-01-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.698741+00:00","generated_at":"2026-05-27T08:50:20.234624+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CPS closes $442.4M auto ABS securitization (2025-A) with triple-A rated senior notes","bullets":["$442.4M of asset-backed notes secured by $462.5M in subprime auto receivables; five classes rated by S&P and DBRS.","Senior Class A notes ($202.4M) rated AAA/AAA with 4.77% coupon and 0.68-year average life.","Weighted average coupon ~5.88%; initial credit enhancement: 1% cash reserve + 4.35% overcollateralization.","54th senior subordinate securitization since 2011; 37th consecutive triple-A rating on senior class.","Notes issued by CPS Auto Receivables Trust 2025-A; CPS will service the receivables."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-000570","json":"https://secwatch.observer/filing/0001683168-25-000570.json","markdown":"https://secwatch.observer/filing/0001683168-25-000570.md","text":"https://secwatch.observer/filing/0001683168-25-000570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316825000570/0001683168-25-000570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316825000570/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T08:50:20.234624+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}