Kbra assigns preliminary ratings to carvana auto receivables trust 2023-p5

New york--(business wire)-- #kbra--kbra assigns preliminary ratings to five classes of notes (eight tranches) issued by carvana auto receivables trust 2023-p5 (“crvna 2023-p5”), a prime auto loan abs transaction. the transaction has initial hard credit enhancement levels ranging from 8.05% 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.
CVNA Ratings Summary
CVNA Quant Ranking