Press Release

DBRS Discontinues Ratings on Santander Drive Auto Receivables Trust 2011-2

Auto
September 15, 2015

DBRS, Inc. has today discontinued all outstanding ratings on the following notes issued by Santander Drive Auto Receivables Trust 2011-2 due to repayment:

-- Class C Notes previously rated AAA (sf) now Discontinued – Repaid
-- Class D Notes previously rated A (sf) now Discontinued – Repaid
-- Class E 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.

Ratings

Santander Drive Auto Receivables Trust 2011-2
  • Date Issued:Sep 15, 2015
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 15, 2015
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 15, 2015
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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.