finance
Consumer Portfolio Services Closes $514.07 Million Asset-Backed Securitization in 2026
Consumer Portfolio Services, Inc. announced the closing of its second term securitization of 2026, involving $514.07 million in asset-backed notes. The notes, secured by $526.17 million in automobile receivables, mark the company's largest transaction in its history. Ratings from Moody's and DBRS Morningstar contributed to the deal's structure.
Apr 22, 12:52 PM·1m read1 source
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Consumer Portfolio Services, Inc. announced the closing of its second term securitization in 2026 on April 22, 2026. 17 million in automobile receivables originated by the company.
Benzinga reported that the notes were issued by CPS Auto Receivables Trust 2026-B and consist of five classes. 's 59th senior subordinate securitization since the beginning of 2011. It is also the 42nd consecutive securitization to receive a triple 'A' rating from at least two rating agencies on the senior class of notes.
Ratings of the notes were provided by Moody's and DBRS Morningstar, based on the structure of the transaction, the historical performance of similar receivables, and the company's experience as a servicer. 's history. It marks the first transaction of over $500 million of notes sold by the company.
The announcement was made from Las Vegas on April 22, 2026. is listed on NASDAQ under the ticker CPSS. The transaction closed on Wednesday, April 22, 2026. 17 million.
Has completed 109 securitizations in its history.
