 Moodys Investors Service, Moodys has downgraded and placed on review for possible further downgrade the rating of the Class D Notes issued by CPS Auto Receivables Trust 2014-D CPS 2014-D and serviced by Consumer Portfolio Services, Inc. Losses could increase from Moodys original expectations as a result of a higher number of obligor defaults or a deterioration in the value of the vehicles securing the obligors promise of payment. 