Rating Report

Ford Auto Securitization Trust 2021-A: Rating Report

Auto

Summary

DBRS Limited (DBRS Morningstar) finalized the following provisional ratings on the Asset-Backed Notes, Series 2021-A issued by Ford Auto Securitization Trust (FAST) 2021-A:

-- AAA (sf) to the Asset-Backed Notes, Series 2021-A, Class A-1 (the Class A-1 Notes)
-- AAA (sf) to the Asset-Backed Notes, Series 2021-A, Class A-2 (the Class A-2 Notes)
-- AAA (sf) to the Asset-Backed Notes, Series 2021-A, Class A-3 (the Class A-3 Notes; collectively with the Class A-1 Notes and the Class A-2 Notes, the Class A Notes)
-- AA (sf) to the Asset-Backed Notes, Series 2021-A, Class B (the Class B Notes)
-- A (sf) to the Asset-Backed Notes, Series 2021-A, Class C (the Class C Notes; collectively with the Class A Notes and Class B Notes, the Notes)