|
|
 |
|
Viewing report
|
|
|
|
1st Financial Credit Card Master Note Trust II Series 2011-A $130.3 Million Notes Assigned Ratings Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW 1st Financial Credit Card Master Note Trust II's series 2011-A's issuance is an ABS securitization backed by credit card receivables conveyed to the 1st Financial Credit Card Master Note Trust II portfolio that arise from designated accounts selected from 1st Financial Bank USA's managed credit card portfolio and credit card receivables arising in designated MasterCard and VISA revolving credit card accounts targeted to students who are currently enrolled in, or who are recent graduates of, U.S. colleges and universities. We assigned our ratings to the class A, B, C, D, and senior and intermediate CCA notes. The ratings reflect our view of the transaction's credit support for each class of notes, timely interest and principal payments, and legal structure,...
Companies mentioned in this report are: 1st Financial Credit Card Master Note Trust II
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.
|
|
|
|
