Preliminary Rating Assigned In Gracechurch Card Programme Funding's Series 2011-4 U.K. Credit Card Transaction Sep 11
- ID: 1931785
- September 2011
- Region: United Kingdom, Great Britain
- Standard & Poors
OVERVIEW We have assigned a preliminary rating to Gracechurch Card Programme Funding's class A notes series 2011-4. The 2011-4 series will be Barclays Bank's 19th issuance out of the Gracechurch credit card trust. LONDON (Standard & Poor's) Sept. 21, 2011--Standard & Poor's Ratings Services today assigned its preliminary credit rating to Gracechurch Card Programme Funding PLC's euro-denominated asset-backed floating-rate class A notes series 2011-4. At the same time, Gracechurch Card Programme Funding will also issue unrated sterling-denominated class D notes (see list below). The 2011-4 series will be Barclays Bank PLC's 19th issuance out of the Gracechurch credit card trust. Gracechurch is a master trust established and operated by Barclays Bank (AA-/Negative/A-1+), whereby issuances to the capital markets partially fund...
Companies mentioned in this report are:
- Gracechurch Card Programme Funding PLC
Action: Preliminary Rating
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Research type: News
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