Unpaid interest across six classes of notes in Tricolor Auto’s asset-backed securitization deal rated by S&P Global has prompted the agency to reinstate and lower its ratings for the transaction. S&P rated Tricolor’s second auto ABS deal of 2025, a $217 million transaction issued in June, according to CreditFlow, which monitors securities. Tricolor’s other deals were rated by Moody’s Ratings and Kroll Bond Rating Agency. S&P placed its Tricolor auto ratings on […]
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