Discover Card Execution Note Trust Class A(2011-4) DiscoverSeries Notes Assigned 'AAA (sf)' Rating Nov 11

Standard & Poors, November 2011

Abstract
OVERVIEW Discover Card Execution Note Trust's class A(2011-4) note issuance is an ABS securitization backed by undivided investor interest in Discover Card Master Trust I's series 2007-CC collateral certificate, which, in turn, is collateralized by receivables generated from designated Discover Card accounts. We assigned our 'AAA (sf)' rating to the class A(2011-4) notes. The 'AAA (sf)' 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) Nov. 22, 2011--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' rating to Discover Card Execution Note Trust's $400 million class A(2011-4) DiscoverSeries notes. The note issuance is an asset-backed securities transaction backed by undivided investor interest in Discover...

Companies mentioned in this report are:
- Discover Card Execution Note Trust

Action: New Rating

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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.

- Discover Card Execution Note Trust

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