United Auto Credit Securitization Trust 2020-1: Rating Report

DBRS, Inc. (DBRS Morningstar) upgraded and finalized its provisional ratings on United Auto Credit Securitization Trust 2020-1 (the Transaction or UACST 2020-1). UACST 2020-1 represents United Auto Credit Corporation's (UACC or the Company) 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.