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
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Research type: News
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