Kbra assigns preliminary ratings to carvana auto receivables trust 2024-p2

New york--(business wire)-- #creditratingagency--kbra assigns preliminary ratings to eight classes of notes issued by carvana auto receivables trust 2024-p2 (“crvna 2024-p2”), a prime auto loan abs transaction. the transaction has initial hard credit enhancement levels ranging from 7.45% for the class a notes to 0.50% for the class d notes and 0.30% for the class n notes. credit enhancement consists of overcollateralization, excess spread, subordination (except for the class d and class n notes) and a cash reserve a.
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