Drive Auto Receivables Trust 2020-2 — Moody’s upgrades Drive and Santander Drive auto loan ABS issued between 2017 and 2020

Rating Action: Moody’s upgrades Drive and Santander Drive auto loan ABS issued between 2017 and 2020Global Credit Research – 10 Mar 2021Approximately $1.9 billion of asset-backed securities affectedNew York, March 10, 2021 — Moody’s Investors Service, (“Moody’s”) has upgraded 13 classes of bonds issued by eight auto loan securitizations. The bonds are backed by pools of retail automobile loan contracts originated and serviced by Santander Consumer USA Inc.The complete rating actions are as follows:Issuer: Drive Auto Receivables Trust 2019-1Class D Notes, Upgraded to Aa1 (sf); previously on Dec 17, 2020 Upgraded to Aa3 (sf)Issuer: Drive Auto Receivables Trust 2019-2Class D Notes, Upgraded to Aa1 (sf); previously on Dec 17, 2020 Upgraded to Aa2 (sf)Issuer: Drive Auto Receivables Trust 2019-3Class C Notes, Upgraded to Aaa (sf); previously on Dec 17, 2020 Upgraded to Aa1 (sf)Class D Notes, Upgraded to Aa2 (sf); previously on Dec 17, 2020 Upgraded to A1 (sf)Issuer: Drive Auto Receivables Trust 2019-4Class C Notes, Upgraded to Aaa (sf); previously on Dec 17, 2020 Upgraded to Aa1 (sf)Class D Notes, Upgraded to Baa1 (sf); previously on Dec 17, 2020 Upgraded to Baa2 (sf)Issuer: Drive Auto Receivables Trust 2020-1Class C Notes, Upgraded to Aa1 (sf); previously on Dec 17, 2020 Upgraded to Aa2 (sf)Class D Notes, Upgraded to Baa2 (sf); previously on Sep 11, 2020 Confirmed at Baa3 (sf)Issuer: Drive Auto Receivables Trust 2020-2Class B Notes, Upgraded to Aaa (sf); previously on Jun 17,…