KBRA Withdraws the Class D Rating on GLS Auto Receivables Issuer Trust 2020-1

KBRA withdraws the rating on the Class D notes issued by GLS Auto Receivables Issuer Trust 2020-1 (“GCAR 2020-1”), an auto loan ABS transaction that closed February 6, 2020. At closing, GCAR 2020-1 had four classes of notes totaling $432.0 million. This action reflects Global Lending Services LLC’s decision to exercise the optional redemption of all outstanding notes pursuant to the Sale and Servicing Agreement dated February 6, 2020. The optional redemption was elected as a result of the pool factor being at or below 10%.

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