Flagship Credit Auto Trust 2020-4: Rating Report
DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the Flagship Credit Auto Trust 2020-4 transaction (FCAT 2020-4 or the Issuer) as listed above. FCAT 2020-4 represents the 28th term asset-backed security (ABS) transaction on Flagship Credit Acceptance, LLC (Flagship or the Company) platform and the 22nd term ABS transaction with collateral from multiple originators. The transaction offers both senior and subordinate rated securities.
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.
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