Press Release

DBRS Discontinues Ratings on Santander Consumer Acquired Receivables Trust 2011-WO

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August 15, 2014

DBRS has today discontinued all outstanding ratings on the notes issued by Santander Consumer Acquired Receivables Trust 2011-WO, due to repayment of the notes. The discontinued ratings are as follows:

-- Series 2011-WO, Class C Notes; previously rated AAA (sf), now rated Discontinued – Repaid
-- Series 2011-WO, Class D Notes; previously rated AAA (sf), now rated Discontinued – Repaid

All other debts in this series have been previously discontinued due to repayment.

Notes:
The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.