CPS Auto Receivables Trust 2023-B: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the CPS Auto Receivables Trust 2023-B transaction (2023-B) as noted. The 2023-B transaction represents the 48th securitization since 2010 by Consumer Portfolio Services, Inc. and offers both senior and subordinate rated securities. The receivables securitized in 2023-B are subprime automobile loan contracts secured primarily by used automobiles, light-duty trucks, vans, and minivans.