Kbra assigns preliminary ratings to carvana auto receivables trust 2024-p1

New york--(business wire)-- #creditratingagency--kbra assigns preliminary ratings to five classes of notes (eight tranches) issued by carvana auto receivables trust 2024-p1 (“crvna 2024-p1”), 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.
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