Discover Card Execution Note Trust Class B(2008-2) Notes Rated 'A' Jun 08
Standard & Poors, June 2008
Abstract
NEW YORK (Standard & Poor's) June 4, 2008-- Standard & Poor's Ratings Services today assigned its 'A' rating to Discover Card Execution Note Trust's $100 million class B(2008-2) two-year, floating-rate notes. This is the fifth tranche of class B notes that Discover Bank (BBB/Stable/A-3) has issued since the Discover Card Execution Note Trust was established. The notes are similar to Discover Bank's previous issuances with respect to collateral, structural, and legal characteristics. Upon the issuance of these notes, there will be $650 million in class B notes outstanding. The following are key features of the class B(2008-2) issuance: -- The notes are part of the DiscoverSeries, a series in which de-linked tranches can be issued as long as certain issuance...
Companies mentioned in this report are:
- Discover Card Execution Note Trust
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Discover Card Execution Note Trust
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