CPS Announces $514.07 Million Senior Subordinate Asset-Backed Securitization
Consumer Portfolio Services, Inc. (CPS) has announced the closing of its second term securitization in 2026, totaling $514.07 million in asset-backed notes. This transaction, secured by automobile receivables, is the largest in the company's history and marks its first securitization exceeding $500 million. The notes received strong ratings from Moody's and DBRS Morningstar, with the senior class achieving a triple "A" rating.