Westlake Services continues to pile on the risks in its subprime auto loan securitizations, forcing the "buy here, pay here” lender to offer additional credit enhancement to offset higher expected losses.

Westlake Automobile Receivables Trust 2017-2 marks the sponsor's second asset-backed deal this year. It also represents the 28th overall auto subprime ABS in 2017, according to Finsight.

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