CPS Announces $442.4 Million Senior Subordinate Asset-Backed Securitization
Portfolio Pulse from
Consumer Portfolio Services, Inc. (Nasdaq: CPSS) has closed its first term securitization of 2025, valued at $442.4 million. This marks the company's 54th senior subordinate securitization since 2011 and the 37th consecutive securitization to receive a triple 'A' rating from at least two rating agencies on the senior class of notes.
January 22, 2025 | 10:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Consumer Portfolio Services, Inc. has successfully closed a $442.4 million securitization, continuing its streak of high-rated securitizations.
The successful closing of a $442.4 million securitization with a triple 'A' rating indicates strong financial health and creditworthiness, likely boosting investor confidence and positively impacting CPSS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100