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Santander Retail Auto Lease Trust 2019-A -- Moody's Assigns Provisional Ratings to Santander Retail Auto Lease Trust 2019-A Notes

Moody's Investors Service (Moody's) has assigned provisional ratings to the notes to be issued by Santander Retail Auto Lease Trust 2019-A (SRT 2019-A). Losses could decline from Moody's original expectations as a result of a lower number of obligor defaults or appreciation in the value of the vehicles securing an obligor's promise of payment.