Ally Financial is lining up its third subprime auto loan securitization of 2013, a $778 million deal called Capital Auto Receivables 2013-3.

Standard & Poor’s assigned preliminary ratings to the deal which is structured with $644 million of ‘AAA’- rated notes; $38.24 million of ‘AA’-rated  notes; $36.22 million of ‘A’-rated notes and $32.20 million of ‘BBB’-rated notes.

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