Sixteen Ratings Raised And Eight Affirmed From Seven GLS Auto Receivables Issuer Trust Transactions - S&P Global Ratings’ Credit Research

Sixteen Ratings Raised And Eight Affirmed From Seven GLS Auto Receivables Issuer Trust Transactions

Sixteen Ratings Raised And Eight Affirmed From Seven GLS Auto Receivables Issuer Trust Transactions - S&P Global Ratings’ Credit Research
Sixteen Ratings Raised And Eight Affirmed From Seven GLS Auto Receivables Issuer Trust Transactions
Published Oct 28, 2026
Published Oct 28, 2026
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About This Report

  
Abstract:

We reviewed our ratings on seven GLS Auto Receivables Issuer Trust ABS transactions, which are backed by subprime auto loan receivables originated and serviced by Global Lending Services LLC. We raised our ratings on 16 classes of notes from the transactions and affirmed our ratings on eight. The rating actions reflect our views regarding each transaction's future collateral performance, structure, credit enhancement, and revised cumulative net loss expectations, among other factors. TORONTO (S&P Global Ratings) Oct. 28, 2026--S&P Global Ratings today raised its ratings on 16 classes of notes and affirmed its ratings on eight classes of notes from seven GLS Auto Receivables Issuer Trust (GCAR) transactions (see ratings lists). These are ABS transactions that are backed by subprime retail

  
Report Type:

Ratings Action

Issuer
GLS Auto Receivables Issuer Trust 2021-4
Sector
Structured Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Sixteen Ratings Raised And Eight Affirmed From Seven GLS Auto Receivables Issuer Trust Transactions" Oct 28, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Sixteen-Ratings-Raised-And-Eight-Affirmed-From-Seven-GLS-Auto-Receivables-Issuer-Trust-Transactions-3651604>
  
APA:
S&P Global Ratings’ Credit Research. (). Sixteen Ratings Raised And Eight Affirmed From Seven GLS Auto Receivables Issuer Trust Transactions Oct 28, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Sixteen-Ratings-Raised-And-Eight-Affirmed-From-Seven-GLS-Auto-Receivables-Issuer-Trust-Transactions-3651604>
  
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