Upstart Securitization Trust 2020-3: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the notes (the Notes) issued by Upstart Securitization Trust 2020-3 (UPST 2020-3 or the Issuer). UPST 2020-3 represents the 10th rated term asset-backed security transaction sponsored by Upstart Network, Inc. (Upstart or the Company) and the fourth co-sponsored by Upstart and Goldman Sachs Asset Backed Securities Corp.