Consumer Portfolio Services has priced its second subprime auto loan securitization this year, according to a press release.

The $202.5-million deal consists of five tranches. An A piece for $141.2-million was split rated ‘AAA’ by DBRS and ‘AA-’ by Standard & Poor’s and priced at 1.11%. Its average life is 1.26 years. Notes in the B tranche totaled $26.8 million with an average life of 3.04 years and ‘A’ ratings from both agencies. That piece priced at 2.32%. An $18.7-million, ‘BBB’-rated C tranche with a 3.7-year average life priced at 3.23%. There were also smaller D and E tranches.

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