Consumer Portfolio Services, Inc. closed its fourth term securitization of 2026 on October 21, issuing $767.85 million in asset-backed notes secured by approximately $797.36 million in subprime automotive receivables. The transaction involves five classes of notes with interest rates ranging from 5.14% to 8.56%, and received triple-A ratings on the senior class from Moody’s and DBRS Morningstar. This marks the company's 61st securitization since 2011 and its 111th overall, continuing a streak of consecutive triple-A rated transactions. Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories.
