IRVINE, Calif., March 19, 2014 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq:CPSS) ("CPS" or the "Company") today announced the closing of its first term securitization in 2014. The transaction is CPS's 12 th senior subordinate securitization since the beginning of 2011. In the transaction, qualified institutional buyers purchased $180,000,000 of asset-backed notes secured by automobile receivables purchased by CPS. The sold notes, issued by CPS Auto Receivables Trust 2014-A, consist of five classes. Ratings of the notes were provided by Standard & Poor's and Moody's and were based on the structure of the transaction, the historical performance of similar receivables and CPS's experience as a servicer.
|Note Class||Amount||Interest Rate||Average Life||Price||Standard & Poor's Rating||Moody's Rating|
|A||$128.7 million||1.21%||1.26 years||99.99012%||AA-||Aa3|
|B||$20.7 million||2.40%||3.04 years||99.99433%||A||A1|
|C||$16.6 million||3.29%||3.64 years||99.97855%||BBB||Baa2|
|D||$9.0 million||5.11%||3.99 years||99.98850%||BB+||Ba3|
|E||$5.0 million||6.38%||3.99 years||99.99128%||B+||B2|