Consumer Portfolio Services said today it closed on its fourth subprime auto loan securitization of the year. The transaction, CPS Auto Receivables Trust 2012-D, issued a total of $166 million of notes in five classes. 

A $122.4 million A class with an average life of 1.75 years and a fixed interest rate of 1.48% priced at 99.98791%; it is rated A2 by Moody’s Investors Service and AA- by Standard & Poor’s.

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