CPS Auto Receivables Trust 2023-C: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the CPS Auto Receivables Trust 2023-C transaction (2023-C) as noted. The 2023-C transaction represents the 49th securitization since 2010 by Consumer Portfolio Services, Inc. (CPS) and offers both senior and subordinate rated securities. The receivables securitized in 2023-C are subprime automobile loan contracts secured primarily by used automobiles, light-duty trucks, vans, and minivans.