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Chase Issuance Trust $250 Million Class B(2009-2) Notes Rated 'A' Jun 09 Product Image

Chase Issuance Trust $250 Million Class B(2009-2) Notes Rated 'A' Jun 09

  • Published: June 2009
  • Standard & Poors

FEATURED COMPANIES

  • Chase Bank U.S. N.A.
  • Chase Issuance Trust
  • MORE

Abstract
OVERVIEW Chase Issuance Trust's class B(2009-2) is an ABS transaction backed by credit card receivables from VISA and MasterCard revolving credit card accounts. We are assigning our 'A' rating to the class B(2009-2) 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) June 30, 2009--Standard & Poor's Ratings Services today assigned its 'A' rating to Chase Issuance Trust's $250 million CHASEseries class B(2009-2) 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
- Chase Bank U.S. N.A.

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 READ MORE >

- Chase Issuance Trust
- Chase Bank U.S. N.A.

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