Subprime auto lender Foursight Capital has obtained its first initial triple-A rating on its new $173.03 million auto loan securitization.

The Utah-based lender has previously had deals with original ratings as high as double-A, in 2014 and 2015, but its most recent deal in was only rated single-A by S&P Global Ratings, due to concerns about aggressive originations growth amid a lack of long-term performance data.

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