New Issue: Bank One Issuance Trust Mar 03
- ID: 1828640
- March 2003
- Standard & Poors
The rating assigned to Bank One Issuance Trust's ONEseries $850 million class A(2002-5) 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 the class A(2002-5) notes, the aggregate adjusted outstanding dollar principal amount (ODPA) of the ONEseries was approximately $4.6 billion. This is the fifth class A issuance out of the program. The class A(2002-5) notes issued are a subclass of the class A notes in the ONEseries. The ONEseries...
Companies mentioned in this report are:
- Chase Issuance Trust
Action: New Rating
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