Presale Report

FT Santander Consumo 4: Presale Report

Consumer Loans & Credit Cards

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the notes issued by FT Santander Consumo 4. The notes are backed by financial receivables related to consumer loan contracts originated by Banco Santander, S.A. to individuals in Spain. For insight beyond the ratings, see the presale report.