CPS Auto Receivables Trust 2023-C: Rating Report

Summary

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.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
25-Jul-23	Class A Notes	AAA (sf)	--	Provis.-Final	US
25-Jul-23	Class B Notes	AA (sf)	--	Provis.-Final	US
25-Jul-23	Class C Notes	A (sf)	--	Provis.-Final	US
25-Jul-23	Class D Notes	BBB (sf)	--	Provis.-Final	US
25-Jul-23	Class E Notes	BB (sf)	--	Provis.-Final	US

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CPS Auto Receivables Trust 2023-C

Class A Notes

Date Issued:Jul 25, 2023
Rating Action:Provis.-Final
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class B Notes

Date Issued:Jul 25, 2023
Rating Action:Provis.-Final
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Class C Notes

Date Issued:Jul 25, 2023
Rating Action:Provis.-Final
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Class D Notes

Date Issued:Jul 25, 2023
Rating Action:Provis.-Final
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Class E Notes

Date Issued:Jul 25, 2023
Rating Action:Provis.-Final
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

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CPS Auto Receivables Trust 2023-C: Rating Report

Summary

Available Documents