Press Release

DBRS Assigns Provisional Ratings to CPS Auto Receivables Trust 2014-B

Auto
June 05, 2014

DBRS has today assigned provisional ratings to the following classes issued by CPS Auto Receivables Trust 2014-B:

-- Series 2014-B, Class A rated AAA (sf)
-- Series 2014-B, Class B rated A (sf)
-- Series 2014-B, Class C rated BBB (sf)
-- Series 2014-B, Class D rated BB (high) (sf)
-- Series 2014-B, Class E rated B (high) (sf)

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Retail Auto Loan Securitizations, which can be found on our website under Methodologies.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

DBRS rating definitions and the terms of use of such ratings are available at www.dbrs.com.

The full report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.