Kbra assigns preliminary ratings to carvana auto receivables trust 2023-p4

New york--(business wire)-- #kbra--kbra assigns preliminary ratings to five classes of notes (eight tranches) issued by carvana auto receivables trust 2023-p4 (“crvna 2023-p4”), a prime auto loan abs transaction. the transaction has initial hard credit enhancement levels ranging from 7.54% for the class a notes to 0.50% for the class d notes and 0.30% for the class n notes. crvna 2023-p4, represents the sixth term abs securitization for carvana, llc (“carvana” or the “company”) in 2023, the 12th under.
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