Five prime lenders have launched $5.5 billion in new loan- and lease-backed securitizations, including the second transaction of the year for Ally Financial.

The $1.02 billion Ally Auto Receivables Trust 2017-2 is a pooling of indirect loans originated by affiliate Ally Bank to franchise dealers, primarily for new cars. The deal has four classes of senior notes that have been triple-A rated by both Fitch Ratings and Moody’s Investors Service, similar to its debut 2017 deal in January.

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