Chase Issuance Trust $1.525 Billion Class A(2009-5) Notes Assigned Preliminary 'AAA' Rating Jun 09
Standard & Poors, June 2009
Abstract
OVERVIEW -- Chase Issuance Trust is an ABS transaction backed by credit card receivables from VISA and MasterCard revolving credit card accounts. -- We are assigning our preliminary 'AAA' rating to one class of notes, A(2009-5). -- The preliminary 'AAA' 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) June 24, 2009--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Chase Issuance Trust's $1.525 billion floating-rate class A(2009-5) notes. The preliminary rating is based on information as of June 24, 2009. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. The...
Companies mentioned in this report are:
- Chase Issuance Trust
Action: Preliminary 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.
- Chase Issuance Trust
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