Flagship Credit Auto Trust 2021-4: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the Flagship Credit Auto Trust 2021-4 transaction (FCAT 2021-4) as listed above. FCAT 2021-4 represents the 32nd term asset-backed security (ABS) transaction on Flagship Credit Acceptance, LLC platform and the 26th term ABS transaction with collateral from multiple originators. The transaction offers both senior and subordinate rated securities.