DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.

The deal, DT Auto Owner Trust 2016-2, will issue $300 million of notes with preliminary ratings from DBRS and Standard & Poor’s: the $148.47 million senior class A notes are rated triple-A and benefit from credit enhancement of 65%; the $41.7 million class B notes are rated double-A and have 54.75% credit enhancement; the $48.81 million class C notes are rated single-A and have 42.75% credit enhancement; and the $61.02 million class D notes are rated triple-B and have 27.75% enhancement.

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