Consumer Portfolio Services plans a $180 million securitization of subprime auto loans. It’s the lender’s first deal of 2014.

Citibank is lead manager on the deal, CPS Auto Receivables Trust 2014-A. Moody’s Investors Service and Standard & Poor’s have assigned preliminary ratings of ‘Aa3/ ‘AA-’ to $128.7 million of class A notes.

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