KBRA Withdraws Rating on CarNow Auto Receivables Trust 2021-1

KBRA withdraws the rating on the outstanding class of notes issued by CarNow Auto Receivables Trust 2021-1 (“CNART 2021-1”), an auto loan ABS transaction that closed April 6, 2021. At closing, CNART 2021-1 had five classes of notes totaling $126.21 million. This action reflects Byrider Finance, LLC’s decision to exercise the optional redemption of all outstanding notes pursuant to the Sale and Servicing Agreement dated April 21, 2021. The optional redemption was elected as a result of the pool factor being at or below 15%.

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