United Auto Credit Securitization Trust 2020-1: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to United Auto Credit Securitization Trust 2020-1 (the Transaction or UACST 2020-1) to be issued by United Auto Credit Corporation (UACC or the Company). UACST 2020-1 represents UACC’s 18th term asset-backed security (ABS) transaction in the Company’s history and the 11th after a change in management, a significant reorganization and a change in ownership. Consistent with the most recent 10 transactions, UACST 2020-1 offers both senior and subordinate rated securities.