GM Financial, formerly known as AmeriCredit, prepped a $975.2M subprime auto loan securitization deal, bringing year to date total auto related issuance to $5.0bn.

The deal, AmeriCredit Automobile Receivables Trust 2013-1 has been assigned preliminary ratings by DBRS and Standard & Poor’s. It will issue three class A tranches rated ‘AAA’;  class B notes rated ‘AA’; class C notes rated ‘A’; class D notes rated ‘BBB’ and class E notes rated ‘BB’.

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