Tidewater Finance Co. is readying $145.6 million of notes backed by subprime auto loan receivables, according to a presale report published today by Standard & Poor’s.

The deal, Tidewater Auto Receivables Trust 2014-A, will issue six classes of fixed-rate notes. S&P has assigned a preliminary ‘A-1’ rating the $26 million class A-1 money market notes and preliminary ‘AAA’ ratings to two other senior tranches, the $42.1 million class A-2 and $24. 86 million class A-3. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.