Moody's Ratings upgrades five classes of notes issued by three auto loan ABS securitizations

Moody's assigns definitive ratings to CFMT 2021-AL1 Trust - Rating Action – 2021/11/30 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

CFMT 2021-AL1 Trust : Pre-Sale Auto ABS notes issue by Cascade Funding, LP - Series 9 - Pre-Sale Report – 2021/11/16 – US$ 250.00 – ...CFMT 2021-AL1 Trust (CFMT 2021-AL1) is the inaugural auto ABS transaction sponsored by Cascade Funding, LP - Series 9 (Cascade, unrated). The sole general partner of Cascade is Cascade Funding GP, LLC, which in turn is a wholly-owned subsidiary of Waterfall Asset Management, LLC (Waterfall, unrated). KeyBank National Association (KeyBank, senior unsecured A3, long-term CR Assessment A2(cr)) is the originator and will act as the servicer for the transaction. In September 2021 Cascade purchased approximately $3.2 billion indirect auto loans from KeyBank. Concurrently, CFMT 2021-AL1 issued Class A notes, Class B notes and Class C notes backed by the acquired portfolio. KeyBank purchased $2.8 billion senior Class A Notes and Cascade retained the Class B Notes. In the current transaction, both Class B and Class C notes supplement are being amended and restated and the original Class B Notes will be reissued as the Class B Notes and the original Class C Notes will be divided into three classes,...

Moody's assigns provisional ratings to CFMT 2021-AL1 Trust - Rating Action – 2021/11/16 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...