DriveTime Automotive Group is planning a $267.75 million subprime auto loan securitization, DT Auto Owner Trust 2014-1, according to a presale report from Kroll Bond Rating Agency.

Kroll has a preliminary ‘AAA’ rating to a $131.2 million class of notes with credit enhancement of 64%; ‘to be issued by the trust; a $35 million class with credit enhancement of 54% is rated ‘AA’; a $48 million class with credit enhancement of 40.3% is rated ‘A’ and a $53.55 million class with credit enhancement of 25% is rated ‘BBB.’

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