DBRS Discontinues Ratings on Two Santander Drive Auto Receivables Trusts

DBRS has today discontinued all outstanding ratings on the notes issued by Santander Drive Auto Receivables Trust 2010-1 and Santander Drive Auto Receivables Trust 2011-S1 due to repayment of the notes as follows:

-- Series 2010-1, Class A-3 Notes previously rated AAA (sf) now Discontinued - Repaid
-- Series 2010-1, Class A-4 Notes previously rated AAA (sf) now Discontinued - Repaid
-- Series 2011-S1, Class B Notes previously rated AA (sf) now Discontinued - Repaid
-- Series 2011-S1, Class C Notes previously rated A (sf) now Discontinued - Repaid
-- Series 2011-S1, Class D Notes previously rated BBB (sf) now Discontinued - Repaid

All other debts in this series were previously discontinued due to repayment.

Notes:
The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.