...- AmeriCredit Automobile Receivables Trust 2024-1's issuance is an ABS securitization backed by subprime auto loan receivables. - We assigned our preliminary ratings to the class A-1, A-2-A/A-2-B, A-3, B, C, and D notes. - The preliminary ratings reflect our view of the transaction's credit enhancement and payment and legal structures, among other factors. TORONTO (S&P Global Ratings) May 16, 2024--S&P Global Ratings today assigned its preliminary ratings to AmeriCredit Automobile Receivables Trust 2024-1's automobile receivables-backed notes (see list). The note issuance is an ABS securitization backed by subprime auto loan receivables. The preliminary ratings are based on information as of May 16, 2024. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our view of: - The availability of approximately 36.95%, 32.06%, 25.29%, and 19.89% credit support (hard credit enhancement and haircut to excess...
