In New York, KBRA has assigned preliminary ratings to five classes of notes from GLS Auto Select Receivables Issuer Trust 2026-3 ("GSAR 2026-3"), an auto loan ABS transaction. This marks the 12th near prime term ABS securitization for Global Lending Services LLC (“GLS”). GSAR 2026-3 is the third near-prime public securitization of 2026. Since 2014, GLS has issued a total of 35 securitizations under its GCAR program, with collateral predominantly consisting of subprime auto loans.