CPS Auto Receivables Trust 2024-A: Rating Report

DBRS, Inc. (Morningstar DBRS) finalized its provisional credit ratings on the CPS Auto Receivables Trust 2024-A transaction (2024-A) as noted. The 2024-A transaction represents the 51st securitization since 2010 by Consumer Portfolio Services, Inc. (CPS) and offers both senior and subordinate rated securities. The receivables securitized in 2024-A are subprime automobile loan contracts secured primarily by used automobiles, light-duty trucks, vans, and minivans.