Press Release|ABS

KBRA Withdraws the Class E Rating on Carvana Auto Receivables Trust 2019-2

22 May 2024   |   New York


KBRA withdraws the rating on the Class E notes issued by Carvana Auto Receivables Trust 2019-2 (“CRVNA 2019-2”), an auto loan ABS transaction that closed June 27, 2019. At closing, CRVNA 2019-2 had seven classes of notes totaling $457.075 million. This action reflects that all the classes of notes, including the Class E notes, have been paid in full per the May 2024 remittance report.


A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1004432

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