Chase Issuance Trust $280 Million Class B(2009-4) Notes Rated 'A' Aug 09
- ID: 1829028
- August 2009
- Standard & Poors
OVERVIEW Chase Issuance Trust's class B(2009-4) issuance is an ABS transaction backed by credit card receivables from VISA and MasterCard revolving credit card accounts. We assigned our 'A' rating to the class B(2009-4) notes. The rating reflects our opinion of the transaction's credit support, the collateral loan pool's credit risk, and the servicer's experience, among other factors. NEW YORK (Standard & Poor's) Aug. 17, 2009--Standard & Poor's Ratings Services today assigned its 'A' rating to Chase Issuance Trust's $280 million class B(2009-4) CHASEseries notes. The rating is based on: Our view that the 7% credit support that the subordinated notes provide is sufficient to withstand the simultaneous stresses that we apply, for each rating category, to our 8.0%-10.0% base case...
Companies mentioned in this report are:
- Chase Issuance Trust
Action: New Rating
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Research type: News
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