...- We have reviewed the performance of BBVA Consumer Auto 2020-1 by conducting our credit and cash flow analysis and applying our relevant criteria. - Following our review, we raised our rating on the class E-Dfrd notes. At the same time, we affirmed our ratings on the class A to D-Dfrd notes. - BBVA Consumer Auto 2020-1 securitizes a portfolio of Spanish auto loans that BBVA originated. The underlying assets are monthly paying fixed-rate auto loans to the BBVA's private customers base, resident in Spain. MADRID (S&P Global Ratings) June 4, 2024--S&P Global Ratings today raised to '### (sf)' from '##+ (sf)' its credit rating on BBVA Consumer Auto 2020-1 Fondo de Titulizacion's class E-Dfrd notes. At the same time, we affirmed our '## (sf)', '##- (sf)', 'A (sf)', and 'A- (sf)', ratings on the class A, B-Dfrd, C-Dfrd, and D-Dfrd notes, respectively. Our ratings address the timely payment of interest and the ultimate payment of principal for the class A notes and the ultimate payment of interest...
