Rating Assigned To U.K. Credit Card Receivables ABS Deal Arran Cards Funding's Series 2012-1 Class A1 Notes Jan 12
- Language: English
- Published: January 2012
- Region: Great Britain, United Kingdom
Standard & Poor's Ratings Services today assigned its 'AAA (sf)' credit rating to Arran Cards Funding PLC's series 2012-1 class A1 asset-backed floating-rate notes. At the same time, Arran Cards Funding has issued class D1 notes, which we do not rate. We have also affirmed our 'AAA (sf)' ratings on Arran Card Funding's series 2011-A class A1 notes, following a review of the other notes that we rate in the master trust. Arran Cards Funding has been created as a successor to the Arran Funding trust, which was wound up in June 2011. As of July 31, 2011, most (83.12% by balance) of the accounts from the wound-up trust had been transferred to the new trust. This is the second...
Companies mentioned in this report are:
- Arran Cards Funding PLC
Action: New Rating
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Research Type: Full Analysis