Press Release|ABS
KBRA Withdraws Ratings on First Investors Auto Owner Trust 2020-1
19 Mar 2024 | New York
KBRA withdraws the ratings on all outstanding classes of notes issued by First Investors Auto Owner Trust 2020-1 (“FIAOT 2020-1”), an auto loan ABS transaction that closed March 19, 2020. At closing, FIAOT 2020-1 had six classes of notes totaling $185.89 million. This action reflects First Investors’ decision to exercise the optional redemption of all outstanding notes pursuant to the Sale and Allocation Agreement dated March 19, 2020. The optional redemption was elected as a result of the pool factor being at or below 10%.
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