...OVERVIEW + We reviewed our ratings on GLS Auto Receivables Issuer Trust 2021-4 and 2022-1 transactions, which are backed by pools of subprime auto loans originated and serviced by Global Lending Services LLC. + We raised our ratings on seven classes of notes and affirmed our ratings on three classes of notes from the transactions. + The rating actions reflect our views regarding the transactions' future collateral performance, structure, and credit enhancement, among other factors. NEW YORK (S&P Global Ratings) April 14, 2023--S&P Global Ratings today raised its ratings on seven classes of notes and affirmed its ratings on three classes of notes from GLS Auto Receivables Issuer Trust 2021-4 and 2022-1 (see list). Today's rating actions reflect the transactions': + Collateral performance to date and our expectations regarding future collateral performance (see table 1); + Each transaction's structure and credit enhancement levels; + Other credit factors, including credit stability, payment...
