Consumer Portfolio Services (CPS) closed its subprime auto ABS called Consumer Portfolio Services Auto Receivables Trust 2011-A. The $104 million deal is managed by UBS.

It is the issuer's first rated term securitization in 2011. The transaction was a privately offered. Qualified institutional buyers bought $100.36 million of ABS backed by automobile receivables purchased by CPS mostly in 2010 and 2011. 

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