Credit Rating Report

Upstart Securitization Trust 2020-1: Rating Report

Consumer Loans & Credit Cards

Summary

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of notes (the Notes) issued by Upstart Securitization Trust 2020-1 (UPST 2020-1):

-- $259,639,000 Class A Notes at A (sf)
-- $53,380,000 Class B Notes at BBB (low) (sf)

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