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Chase Issuance Trust Class A(2012-3) $1.5 Billion Notes Assigned 'AAA (sf)' Rating Jun 12 Product Image

Chase Issuance Trust Class A(2012-3) $1.5 Billion Notes Assigned 'AAA (sf)' Rating Jun 12

  • ID: 2153038
  • June 2012
  • Standard & Poors

Abstract
OVERVIEW Chase Issuance Trust's class A(2012-3) note issuance is an ABS securitization backed by credit card receivables generated by revolving credit card accounts owned by Chase Bank USA N.A. or one of its affiliates and a collateral certificate issued by First USA Credit Card Master Trust. We assigned our 'AAA (sf)' rating to the class A(2012-3) notes. The 'AAA (sf)' rating reflects our view of the transaction's credit support, timely interest and principal payments, and underlying payment structure, among other factors. NEW YORK (Standard & Poor's) June 18, 2012--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' rating to Chase Issuance Trust's $1.5 billion class A(2012-3) CHASEseries notes. The note issuance is an asset-backed securities transaction backed by credit...

Companies mentioned in this report are:
- Chase Issuance Trust

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.

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- Chase Issuance Trust

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