Rating Assigned In UK ABS Of Credit Card Receivables Penarth Master Issuer Series 2011-2; Remaining Trust Notes Affirmed Nov 11
- ID: 2026953
- November 2011
- Region: United Kingdom, Great Britain
- Standard & Poors
OVERVIEW We have assigned a 'AAA (sf)' rating to Penarth Master Issuer's series 2011-2 $600 million class A1 notes. This is the eighth issuance from the trust, and the second following the latest addition of new receivables. LONDON (Standard & Poor's) Nov. 22, 2011--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' credit rating to Penarth Master Issuer PLC's class A1 asset-backed floating-rate notes series 2011-2. At the same time, we have affirmed our ratings on all of the other outstanding notes in the master trust (see list below). This is the eighth issuance from the trust, and the second following the addition of new receivables on April 1, 2011. The collateral comprises a pool of Visa, MasterCard, and...
Companies mentioned in this report are:
- Penarth Master Issuer PLC
Action: New Rating
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Research type: News
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