...- GM Financial Consumer Automobile Receivables Trust 2024-2's issuance is an ABS securitization backed by prime auto loan receivables. - We assigned our preliminary ratings to the class A-1, A-2-A/A-2-B, A-3, A-4, B, and C notes. - The preliminary ratings reflect our view of the transaction's credit enhancement and payment and legal structures, among other factors. CHICAGO (S&P Global Ratings) April 1, 2024--S&P Global Ratings today assigned its preliminary ratings to GM Financial Consumer Automobile Receivables Trust 2024-2's auto loan asset-backed notes (see list). The note issuance is an ABS securitization backed by prime auto loan receivables. The preliminary ratings are based on information as of April 1, 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 8.6%, 7.4%, and 6.2% (both base and upsize) credit support for the class A (classes...
