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KBRA affirms Westlake Services

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KBRA affirms Westlake Services

Kroll Bond Rating Agency affirmed the BBB- issuer rating for Westlake Services LLC.

The outlook for the rating is stable.

The rating is based on Westlake's solid, multiyear operating performance history, along with solid equity capitalization, which is considered essential given the potential asset quality volatility associated with subprime auto finance, according to Kroll.