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Cabela's Credit Card Master Note Trust $300 Million Notes Series 2012-II Assigned Preliminary Ratings Jun 12
Standard & Poors, June 2012
OVERVIEW Cabela's Credit Card Master Note Trust's series 2012-II note issuance is an ABS securitization backed by the series 2004-1 certificate issued by Cabela's Master Credit Card Trust, which represents an undivided investor interest in the master trust's assets. We assigned our preliminary ratings to the class A, B, and C notes. The preliminary ratings reflect our view of the transaction's credit support, legal structure, and timely interest and principal payments, among other factors. NEW YORK (Standard & Poor's) June 18, 2012--Standard & Poor's Ratings Services today assigned its preliminary ratings to Cabela's Credit Card Master Note Trust's $300 asset-backed notes series 2012-II (see list). The note issuance is an asset-backed securitization backed by the series 2004-1 certificate issued by...
Companies mentioned in this report are: Cabela's Credit Card Master Note Trust
Action: Preliminary Rating
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Research type: News
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Cabela's Credit Card Master Note Trust