Though Flagship Credit Corporation is no stranger to private asset-backed securitizations, the company recently debuted its first public deal, a $250 million auto loan-backed transaction, and plans to be a regular issuer in the public market going forward, said President and Chief Executive Officer Michael Ritter.

"I think we made a good execution," he said of their first public outing, which is also the first deal that was done under the Flagship name. The $250 million auto loan-backed deal was separated into four triple-A tranches. Prudential Securities was lead manager, while MBIA wrapped the transaction.

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