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CPS Auto Receivables Trust 2015-A -- Moody's upgrades CPS subprime auto loan ABS from 2014 through 2015

Moody's Investors Service, ("Moody's") has upgraded three securities from CPS Auto Receivables Trusts issued between 2014 and 2015. The upgrades are based on the build-up of credit enhancement due to non-declining reserve accounts, overcollateralization and the sequential pay structure of the transactions. Weak deal performance has been offset in part by the build-up of credit enhancement for these transactions.