debt
confidence high
sentiment neutral
materiality 0.65
CPS closes $384.6M auto-loan securitization (2025-D); weighted avg coupon 5.72%
CONSUMER PORTFOLIO SERVICES, INC.
- Issued five classes of notes secured by $392.46M in automobile receivables; fourth term securitization in 2025.
- Senior Class A notes ($170.91M) rated AAA by S&P and DBRS; average life 0.66 years at 4.46%.
- Class E notes ($53.37M) rated NR/BB with 7.69% interest and average life 4.04 years.
- Initial credit enhancement: 1.00% cash reserve plus 2.00% overcollateralization, stepping to 7.00% of original pool.
- 57th senior subordinate securitization since 2011; 40th consecutive AAA rating on senior class.