NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to two classes of notes issued by GLS Auto Receivables Trust 2015-1 (“GCAR 2015-1”), an auto loan ABS transaction. GCAR 2015-1 is collateralized by approximately $148.7 million of subprime auto loan receivables as of May 31, 2015. The preliminary ratings reflect the credit enhancement levels of 36.25% for the Class A notes and 22.50% for the Class B notes. GCAR 2015-1 will also contain Class C notes which are
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