Credit Rating Report

United Auto Credit Securitization Trust 2018-1: Presale Report

Auto
January 25, 2018

Summary

DBRS, Inc. (DBRS) assigned provisional ratings to the following classes of notes to be issued by United Auto Credit Securitization Trust 2018-1 (UACST 2018-1):

-- $78,840,000 Class A Notes rated AAA (sf)
-- $21,470,000 Class B Notes rated AA (sf)
-- $21,470,000 Class C Notes rated A (sf)
-- $24,740,000 Class D Notes rated BBB (sf)
-- $19,140,000 Class E Notes rated BB (sf)
-- $6,070,000 Class F Notes rated B (sf)

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.