Chase Issuance Trust $500 Million CHASESeries Class A(2011-2) Notes Rated 'AAA (sf)' Jun 11
Standard & Poors, June 2011
Abstract
OVERVIEW Chase Issuance Trust's class A(2011-2) issuance is an ABS securitization backed by credit card receivables in VISA revolving credit card accounts owned by Chase Bank USA N.A. and the series 2002-CC collateral certificate issued by First USA Credit Card Master Trust. We assigned our 'AAA (sf)' rating to the CHASEseries class A(2011-2) notes. The rating reflects our view of the transaction's credit support, payment and legal structures, and pool characteristics, among other factors. NEW YORK (Standard & Poor's) June 17, 2011--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' rating to Chase Issuance Trust's $500 million CHASEseries class A(2011-2) notes. The note issuance is an asset-backed securities transaction backed by credit card receivables in VISA revolving credit card...
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 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
- Chase Bank U.S. N.A.
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