Consumer Portfolio Services Inc. $(CPS)$ has successfully closed its third term securitization for 2025, raising $418.33 million through asset-backed notes. The senior class of these notes has received a triple "A" rating from both Standard & Poor's and DBRS Morningstar, marking the 39th consecutive securitization by CPS to achieve this high rating. The securitization involves automobile receivables worth $433.50 million, with the transaction structured to include initial credit enhancements and overcollateralization.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.