Press Release

DBRS Assigns Provisional Ratings to Santander Drive Auto Receivables Trust 2015-4

Auto
August 13, 2015

DBRS, Inc. (DBRS) has today assigned provisional ratings to the following classes issued by Santander Drive Auto Receivables Trust 2015-4:

-- Class A-1 Notes rated R-1 (high) (sf)
-- Class A-2-A Notes rated AAA (sf)
-- Class A-2-B Notes rated AAA (sf)
-- Class A-3 Notes rated AAA (sf)
-- Class B Notes rated AA (sf)
-- Class C Notes rated A (sf)
-- Class D Notes rated BBB (sf)
-- Class E Notes rated BB (sf)

Notes:
These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating U.S. Retail Auto Loan Securitizations, which can be found on our website under Methodologies.

The full report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.

Ratings

Santander Drive Auto Receivables Trust 2015-4
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.