Kroll Bond Ratings Agency has been hired to rate its first American Credit Acceptance subprime auto deal. The issuer is marketing $164 million of securities backed by deep subprime auto loans.

Kroll expects to assign a ‘AA’ ratings to $101 million of class A notes issued under ACAR 2014-4. The notes are structured with credit enhancement at 53.75% and have a final maturity of July 10, 2018.

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