NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to five classes of notes issued by CarNow Auto Receivables Trust 2015-1 (“CNART 2015-1”), a subprime auto asset-backed securities transaction. CNART 2015-1 will issue $131.2 million of notes collateralized by approximately $156.2 million of subprime auto loan receivables. The preliminary ratings reflect the initial credit enhancement levels ranging from 55.00% for the Class A notes to 17.50% for the Cla