Ally Financial priced its latest subprime auto loan securitization, the $750 million Capital Auto Receivables Asset Trust 2014-3, at wider spreads than the previous print in this sector by Americredit on Aug. 22.

The $166 million, class A2 notes with a weighted average life (WAL) of 2.01 years priced at 47 basis points over the interpolated swaps curve; the $166 million of class A-3 notes with a WAL of 2.69 years priced at 47 basis points over interpolated swaps; and the $56.4 million of 3.27-year, class A4 notes priced at 58 basis points over interpolated swaps. All three tranches are rated 'Aaa' by Moody's Investors Service, 'AAA' by Standard & Poor's and 'AAA' by Fitch Ratings.

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