AmeriCredit is venturing out with one of the first subprime auto loan securitizations since word of the Department of Justice’s probe of underwriting practices.

The $1.055 billion AmeriCredit Automobile Receivables Trust 2014-3 (AMCAR 2014-3) will issue five classes of senior notes, including a $141 million money market tranche with a preliminary ‘P-1’ rating from Moody’s Investors Service and four classes of longer-term notes with preliminary ‘Aaa’ ratings; all five benefit from initial had credit enhancement of 34.07%.

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