Santander Drive Auto Receivables Trust 2011-4 $774.6 Million Notes Assigned Preliminary Ratings Oct 11
Standard & Poors, October 2011
Abstract
OVERVIEW Santander Drive Auto Receivables Trust 2011-4's note issuance is an asset-backed securitization backed by subprime auto loan receivables. We assigned our preliminary ratings to the class A, B, C, D, and E notes. The preliminary ratings reflect our view of the transaction's credit support, payment and legal structures, and pool characteristics, among other factors. NEW YORK (Standard & Poor's) Oct. 3, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to Santander Drive Auto Receivables Trust 2011-4's $774.6 million automobile receivables-backed notes (see list). The note issuance is an asset-backed securities transaction backed by subprime auto loan receivables. The preliminary ratings are based on information as of Oct. 3, 2011. Subsequent information may result in the assignment of...
Companies mentioned in this report are: Santander Drive Auto Receivables Trust 2011-4
Action: Preliminary Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Santander Drive Auto Receivables Trust 2011-4
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