Republic Finance Issuance Trust 2020-A: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to Republic Finance Issuance Trust 2020-A (REPS 2020-A or the Issuer). REPS 2020-A represents the second term securitization of a portfolio of non-prime consumer loans originated through Republic Finance, LLC’s (Republic or the Company) branch network. REPS 2020-A is collateralized by receivables originated under Republic’s loan platform. Republic is a consumer branch-based installment lender that provides several loan products to subprime borrowers located primarily in the Southeastern United States.