CIG Auto Receivables Trust 2020-1– CIG Financials’ third CIGAR issuance
Summary CIG Auto Receivables Trust 2020-1 (CIGAR 2020-1) is the third securitization under the CIGAR platform of non-prime-quality1 retail installment auto loan contracts originated or acquired and serviced by CIG Financial, LLC (CIG). Key credit strengths of the transaction include CIG’s strong managed portfolio performance, the improved seasoning relative to the prior transaction and the absence of prefunding. Credit challenges include an unrated and small servicer and CIG’s limited prior securitization experience.
Moody’s ratings Classes Rating Amount (millions) % of Assets Legal final maturity Coupon Reserve fund Total initial hard CE*
|Class||Rating||Amount of Securities|