Press Release|ABS
KBRA Withdraws Ratings on American Credit Acceptance Receivables Trust 2021-1
21 May 2024 | New York
KBRA withdraws the ratings on the outstanding classes of notes issued by American Credit Acceptance Receivables Trust 2021-1 (“ACAR 2021-1”), an auto loan ABS transaction that closed on January 28, 2021. At closing, ACAR 2021-1 had six classes of notes totaling $410.78 million. This action reflects American Credit Acceptance’s decision to exercise the optional redemption of all outstanding notes pursuant to the Sale and Servicing Agreement dated January 1, 2021. The optional redemption was elected as a result of the pool factor being at or below 20%.
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