CPS Auto Receivables Trust 2021-C: Presale Report

Summary

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the CPS Auto Receivables Trust 2021-C transaction (2021-C). The 2021-C transaction represents the 41st securitization since 2010 by Consumer Portfolio Services, Inc. and offers both senior and subordinate rated securities. The receivables securitized in 2021-C are subprime automobile loan contracts secured primarily by used automobiles, light-duty trucks, vans, and minivans.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
15-Jul-21	Class A Notes	AAA (sf)	--	Provis.-New	US
15-Jul-21	Class B Notes	AA (high) (sf)	--	Provis.-New	US
15-Jul-21	Class C Notes	A (high) (sf)	--	Provis.-New	US
15-Jul-21	Class D Notes	BBB (sf)	--	Provis.-New	US
15-Jul-21	Class E Notes	BB (sf)	--	Provis.-New	US

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CPS Auto Receivables Trust 2021-C

Class A Notes

Date Issued:Jul 15, 2021
Rating Action:Provis.-New
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class B Notes

Date Issued:Jul 15, 2021
Rating Action:Provis.-New
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Class C Notes

Date Issued:Jul 15, 2021
Rating Action:Provis.-New
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Class D Notes

Date Issued:Jul 15, 2021
Rating Action:Provis.-New
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Class E Notes

Date Issued:Jul 15, 2021
Rating Action:Provis.-New
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

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CPS Auto Receivables Trust 2021-C: Presale Report

Summary

Available Documents