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Bank One Issuance Trust Class B(2004-1) Notes Assigned Rating Aug 04
Standard & Poors, Aug 2004
Abstract
NEW YORK (Standard & Poor's) Aug. 4, 2004--Standard & Poor's Ratings Services today assigned its 'A' rating to Bank One Issuance Trust's $250.0 million class B(2004-1) five-year floating-rate notes. This is the first tranche of class B notes Bank One Delaware N.A. (Bank One; 'AA-/A-1+') has issued in 2004 from the Bank One Issuance Trust. The notes are similar to Bank One's previous issuances with respect to collateral, structural, and legal characteristics. Upon the issuance of these notes, there will be $1.9 billion in class B notes outstanding. The following are key features of the class B(2004-1) issuance: -- The notes are part of the ONEseries, a series in which de-linked tranches can be issued as long as certain issuance...
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 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.
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