Report
EUR 170.64 For Business Accounts Only

Moody's Ratings upgrades 13 classes of notes issued by 12 auto loan ABS securitizations and downgrades 1 class of notes issued by U.S. Auto Funding Trust 2021-1

Moody's Ratings (Moody's) takes action on 14 classes of bonds issued from 13 non-prime auto securitizations. The bonds are backed by pools of retail automobile non-prime loan contracts originated and serviced by multiple parties. The complete rating actions are as follows: Issuer: American Credi...
Underlyings
American Credit Acceptance Receivables Trust 2022-2

American Credit Acceptance Receivables Trust 2023-2

American Credit Acceptance Receivables Trust 2023-4

Carvana Auto Receivables Trust 2023-N4

CPS Auto Receivables Trust 2022-B

CPS Auto Receivables Trust 2022-D

CPS Auto Receivables Trust 2023-B

Drive Auto Receivables Trust 2024-1

Exeter Automobile Receivables Trust 2021-4

Exeter Automobile Receivables Trust 2022-6

Exeter Automobile Receivables Trust 2023-5

U.S. Auto Funding Trust 2021-1

Veros Auto Receivables Trust 2023-1

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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