J.D. Byrider is marketing its first  2014 subprime auto loan securitization, according to a presale report published by Kroll Bond Ratings.

The $154.8 million CarNow Auto receivables Trust 2014-1 is the issuer's third securitization overall and the first to be rated by Kroll. It is  structured with $90.3 million of class A notes rated ‘AA’; $24.8 million of B notes rated ‘A’; $22.4 million of class C notes rated ‘BBB’; $7.9 million of D notes rated ‘BB’; and $9.3 million of class E notes rated ‘B’.

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