Exeter Finance Corp. is next to issue a securitization backed by subprime auto loans.  

The $500 million deal called Exeter Automobile Receivables Trust 2014-1 has been assigned preliminary ratings by Standard & Poor’s. The class A notes are rated ‘AA’, the class B notes are rated ‘A’, the class C notes are rated ‘BBB’ and the class D are rated ‘BB’.

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.