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S&P Credit Research1430 word report
published Dec 01, 1999
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$400.00 available for immediate download
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S&P Credit Research
| Abstract: | The ratings assigned to Citibank Credit Card Master Trust I's series 1999-7 reflect credit enhancement of 11% for the class A certificates, provided by 6% subordination of class B certificates, and 5% from a shared cash collateral account (CCA); and credit enhancement of 6% for the class B certificates, provided by a 5% shared CCA and a 1% dedicated CCA. The ratings also reflect the structural benefit provided by the immediate utilization of the CCA to pay down certificates upon certain events; the maintenance of a managed weighted average certificate rate liability of 11% among all series outstanding in group one of the master trust; the strong and stable portfolio performance since 1991; and the experience and rating of Citibank
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Citibank Credit Card Master Trust I US $1.064 billion credit card participation certificates series 1999-7 Publication date: 01-Dec-1999 Ratings Detail Profile New Ratings Class A ### Class B A...
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| Report Type: | Full Report
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| Issuer: | Citibank Credit Card Master Trust I
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| Sector: | Asset-Backed Securities, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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