Skopos Auto Receivables Trust 2018-1: Presale Report

DBRS, Inc. (DBRS) assigned provisional ratings to Skopos Auto Receivables Trust 2018-1 transaction (SKOP 2018-1 or the Transaction), as noted on page one. The SKOP 2018-1 transaction represents the third term transaction completed by Skopos Financial, LLC (Skopos or Company) and the second rated term transaction. Skopos has previously issued an unrated asset-backed term securitization in April 2015 (Skopos 2015-1) and a rated asset-backed term transaction in November 2015 (Skopos 2015-2). Transaction assets will consist of a pool of subprime automobile loan contracts secured by new and used automobiles, light duty trucks, minivans and sportutility
vehicles issued to obligors who have experienced prior credit difficulties. SKOP 2018-1 will offer both senior and subordinate rated securities. Systems and Services Technologies, Inc. (SST) will act as the backup servicer for the Transaction.