Abstract: NEW YORK (Standard&Poor's) Oct. 1, 2008--Standard&Poor's Ratings Services today said that the Sept. 29, 2008, placement of its 'AA/A-1+' counterparty credit rating on Citibank (South Dakota) N.A. Sioux Falls on CreditWatch with negative implications, does not, in and of itself, affect the current ratings assigned to the outstanding certificates and notes issued out of the Citibank Credit Card Master Trust I and the Citibank Credit Card Issuance Trust. (For more information on the Citigroup-related CreditWatch placements, see the related research update, ?Citigroup Inc. 'AA-/A-1+' Counterparty Credit Ratings Placed On CreditWatch Negative,? published on RatingsDirect.) Even though the ratings on the credit card trusts are not affected by the issuer-level CreditWatch placements, the underlying receivables have displayed
Brief Excerpt: RESEARCH Ratings Definitions Bulletin: Citibank Credit Card Trust Ratings Not Affected By Citibank CreditWatch Negative Placement Publication date: 01-Oct-2008 Primary Credit Analyst: Kelly Luo, New York (1) 212-438-2535; kelly_luo@standardandpoors.com...
Report Type: News
Issuer: Citibank Credit Card Master Trust ISector: Structured FinanceCountry: United StatesRegion: United StatesFree Sample: Click
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