S&P upgrades PenFed auto loan securitizations due to strong performance
SAN ANTONIO, VA (December 11, 2023) — PenFed Credit Union, the nation's second-largest federal credit union, received notable upgrades on the ratings of the bonds issued through its inaugural prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2022-A (PAROT 2022-A) due to strong ...