KBRA Withdraws the Class D Rating on GLS Auto Receivables Issuer Trust 2019-4

KBRA withdraws the rating on the Class D notes issued by GLS Auto Receivables Issuer Trust 2019-4 (“GCAR 2019-4”), an auto loan ABS transaction that closed November 5, 2019. At closing, GCAR 2019-4 had four classes of notes totaling $330 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 November 5, 2019. The optional redemption was elected as a result of the pool factor being at or below 10%.

To access rating and relevant documents, click here.