Kroll Bond Rating Agency Assigns Preliminary Ratings to DT Auto Owner Trust 2016-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to four classes of DT Auto Owner Trust 2016-1 (DTAOT 2016-1), a subprime auto asset-backed securities transaction. DTAOT 2016-1 will issue $340.00 million of notes collateralized by approximately $461.02 million of subprime auto loan receivables. The preliminary ratings reflect the initial credit enhancement levels ranging from 65.00% for the Class A notes to 27.75% for the Class D notes, which build to
Source: BusinessWire-Primary

Kroll Bond Rating Agency Assigns Preliminary Ratings to DT Auto Owner Trust 2016-1