KBRA Takes Rating Actions on ACC Auto Trusts
8 Apr 2024 | New York
KBRA takes six rating actions on securities issued from two ACC Auto Trust (“AUTOC”) transactions including three upgrades, two affirmations and one downgrade. The three upgrades and two affirmations reflect credit support that is sufficient to support the revised and affirmed ratings. The credit enhancement available for Class D of AUTOC 2022-A does not support KBRA’s revised loss projection, and its rating has been downgraded to CCC (sf). The class is susceptible to losses over the remaining term of the transaction. The data used for this review is as of the March 2024 distribution date (February 2024 collection period). To date, the securities have received timely interest payments.
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