OVERVIEW We reviewed our ratings on seven American Credit Acceptance Receivables Trust transactions backed by subprime auto loan receivables originated and serviced by American Credit Acceptance LLC. We raised our ratings on 15 classes of notes and affirmed our ratings on six classes of notes from the transactions. The rating actions reflect our views regarding each transaction's structure, credit enhancement, future collateral performance, and remaining cumulative net loss expectations, among other factors. NEW YORK (S&P Global Ratings) May 19, 2025--S&P Global Ratings today raised its ratings on 15 classes of notes and affirmed its ratings on six classes of notes from seven American Credit Acceptance Receivables Trust (ACAR) transactions (see list). These are ABS transactions backed by subprime retail auto
