Chase Issuance Trust $830 Million Class A(2008-4) Notes Rated 'AAA' Apr 08
Standard & Poors, April 2008
Abstract
NEW YORK (Standard & Poor's) April 2, 2008--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Chase Issuance Trust's $830 million class A(2008-4) five-year, fixed-rate notes. This is the fourth tranche of class A notes Chase Bank USA N.A. (Chase USA; 'AA/A-1+'), formerly Bank One Delaware N.A., has issued in 2008 from the Chase Issuance Trust (formerly Bank One Issuance Trust). The notes are similar to previous issuances from the trust with respect to collateral, structural, and legal characteristics. Upon the issuance of these notes, there will be $55.64 billion in class A notes outstanding. The following are key features of the class A(2008-4) issuance: -- The notes are part of the CHASEseries, a series in which de-linked...
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.
- Chase Issuance Trust
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