CPS Closes $345.61 Million Auto Asset-Backed Securitization

Reuters
Jan 28
CPS Closes $345.61 Million Auto Asset-Backed Securitization

Consumer Portfolio Services Inc. (Nasdaq: CPSS) has announced the closing of its first term securitization of 2026, issuing $345.61 million in asset-backed notes through CPS Auto Receivables Trust 2026-A. The offering consists of five classes of notes, secured by $352.66 million in automobile receivables originated by CPS. The notes were rated by Standard & Poor's and DBRS Morningstar, with the senior class receiving a triple "A" rating from both agencies. The weighted average coupon on the notes is approximately 5.18%. This marks the company’s 58th senior subordinate securitization since 2011.

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: 9643753) on January 27, 2026, and is solely responsible for the information contained therein.

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