NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of First Investors Auto Owner Trust 2015-1 (“FIAOT 2015-1”), an auto loan ABS transaction. FIAOT 2015-1 is collateralized by approximately $190.0 million of subprime auto loan receivables as of March 31, 2015 out of an expected collateral balance of approximately $225.0 million after completion of the prefunding period. The transaction includes a prefunding feature that allows up to $35 million
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