ACM Auto Trust 2025-2's issuance is an ABS transaction backed by subprime auto loan receivables. We assigned our preliminary 'A (sf)' and 'BBB (sf)' ratings to the class A and B notes, respectively. The preliminary ratings reflect our view of the transaction's credit support, collateral characteristics, and payment and legal structures, among other factors. TORONTO (S&P Global Ratings) May 14, 2025--S&P Global Ratings today assigned its preliminary ratings to ACM Auto Trust 2025-2's automobile receivables-backed notes. We assigned our preliminary 'A (sf)' rating to the $165.18 million class A notes and our preliminary 'BBB (sf)' rating to the $50.82 million class B notes. The note issuance is an ABS transaction backed by subprime auto loan receivables. The preliminary ratings are
