First Investors is in the market with FIAOT 2011-2, a $150 million auto securitization.

The deal is rated by Standard & Poor's and is the second deal to be issued this year by the issuer. The capital structure include senior fixed Class A-1 and ClassA-2 notes rated 'A-1+' (sf) and 'AAA' (sf) respectively. It also includes four tranches of subordinated notes rated 'AA', "A', 'BBB' and 'BB'.

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