Report
Brian Medwig ...
  • Christopher O'Connell
  • Ines Beato

Flagship Credit Auto Trust 2020-1: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the Flagship Credit Auto Trust 2020-1 transaction (FCAT 2020-1 or the Issuer). FCAT 2020-1 represents the 25th term asset-backed security (ABS) transaction on Flagship Credit Acceptance LLC (Flagship or the Company) platform and the 19th term ABS transaction with collateral from multiple Originators. In the combined history of CarFinance (CarFinance or CFC) and Flagship from 2015 to 2019, 29 term ABS transactions were issued. The transaction offers both senior and subordinate rated securities.
Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Brian Medwig

Christopher O'Connell

Ines Beato

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