S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance
PenFed Credit Union, the nation's second-largest federal credit union, received notable upgrades on the ratings…
Fitch Upgrades PenFed Auto Loan Securitizations Due to Strong Performance
PenFed Credit Union received notable upgrades to its inaugural prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2022-A due to strong performance.
PenFed Credit Union Announces Inaugural Auto Loan Securitization
PenFed Credit Union announced the closing of their inaugural prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2022-A (PAROT 2022-A). The transaction issued $460,292,000 of fixed-rate, amortizing asset-backed notes backed by prime auto loans.