Ally Financial is marketing a $777 million securitization of non-prime auto loans.

The deal, Capital Auto Receivables Asset Trust 2014-2 has been assigned preliminary ratings by Moody’s Investors Service. Moody’s expects to assign an 'Aaa' rating to $642.2 million of class A notes; an 'Aa1' rating to $38.10 million of class B notes; a 'Aa3' rating to $36 million of class C notes; and 'Baa1' rating to $32 million of class D notes. The ratings agency will not rate the class E notes.

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