Tricolor Auto issues $234M ABS deal, receives first AAA rating

Tricolor Auto’s latest asset-backed securities deal, a $234 million transaction backed by subprime auto receivables, is the lender’s first to receive a AAA rating from a credit rating agency. This is the second of the lender’s seven total entrances into the ABS market to be rated. The milestone is testament to Tricolor Auto’s AI-powered underwriting […]