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New Issue: Bank One Issuance Trust Mar 03 Product Image

New Issue: Bank One Issuance Trust Mar 03

  • Published: March 2003
  • Standard & Poors

Abstract
The rating assigned to Bank One Issuance Trust's class B(2002-2) notes reflects the experience of Bank One Delaware N.A. (Bank One Delaware; 'A+/A-1') as originator and servicer; the strong and stable portfolio performance of the collateral; the satisfaction of current issuance tests; and the sound structural and legal provisions. Bank One Delaware was known as First USA National Bank N.A. Wilmington until 2002. As of the issuance date of these class B(2002-2) notes, the aggregate adjusted outstanding dollar principal amount (ODPA) of the ONEseries will be approximately $3.25 billion, including the issuance of additional class C notes concurrently with this issuance. This is the second class B issuance out of this program. The class B(2002-2) notes are a subclass of...

Companies mentioned in this report are:
- Chase Issuance 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 READ MORE >

- Chase Issuance Trust

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