Report
EUR 165.22 For Business Accounts Only

Moody's upgrades 39 classes of notes and downgrades 1 class of notes issued by 30 non-prime auto loan ABS securitizations

Moody's Investors Service ("Moody's") takes action on 40 classes of bonds issued from 30 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: AC...
Underlyings
ACC Auto Trust 2022-A

American Credit Acceptance Receivables Trust 2021-4

American Credit Acceptance Receivables Trust 2022-2

American Credit Acceptance Receivables Trust 2022-4

AmeriCredit Automobile Receivables Trust 2019-2

AmeriCredit Automobile Receivables Trust 2020-1

AmeriCredit Automobile Receivables Trust 2020-3

AmeriCredit Automobile Receivables Trust 2021-3

AmeriCredit Automobile Receivables Trust 2022-2

CIG Auto Receivables Trust 2021-1

CPS Auto Receivables Trust 2021-D

CPS Auto Receivables Trust 2022-B

CPS Auto Receivables Trust 2022-D

CPS Auto Receivables Trust 2023-B

Credit Acceptance Auto Loan Trust 2021-2

Credit Acceptance Auto Loan Trust 2021-3

Credit Acceptance Auto Loan Trust 2021-4

Exeter Automobile Receivables Trust 2021-2

Exeter Automobile Receivables Trust 2021-3

Exeter Automobile Receivables Trust 2021-4

Exeter Automobile Receivables Trust 2022-6

Santander Drive Auto Receivables Trust 2020-3

Santander Drive Auto Receivables Trust 2020-4

Santander Drive Auto Receivables Trust 2021-1

Santander Drive Auto Receivables Trust 2021-2

Santander Drive Auto Receivables Trust 2021-3

Santander Drive Auto Receivables Trust 2021-4

Santander Drive Auto Receivables Trust 2022-5

Santander Drive Auto Receivables Trust 2022-6

Veros Auto Receivables Trust 2022-1

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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