GM Financial Services is marketing its first auto loan securitization of the year, according to Standard & Poor’s.

The $1.0 billion GM Financial Consumer Automobile Receivables Trust 2017-1 will issue a $217 million money market tranche and three classes of term notes with preliminary AAA ratings from S&P: $345 million with a final maturity of March 2020, $310 million maturing in October 2021 and $85.85 million maturing in May 2023. All four senior tranches benefit from initial credit enhancement of 6.1%.

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