...Fitch Ratings expects to rate Robinhood Credit Card Trust (RHCCT, or the trust), Series 2026- 2, asset-backed notes, as listed above. This is the second credit card securitization transaction issued by the trust and sponsored by Robinhood Credit, Inc. (RCT). The notes are backed by a revolving pool of receivables, primarily from general-purpose Visa credit card accounts originated and owned by Coastal Community Bank (Coastal) and serviced by RCT (the Robinhood Program). The notes will be offered via Rule 144A and Regulation S (Reg S), as applicable, and noteholders will receive monthly interest payments on the 20th day of each month (or the next business day), beginning November 20, 2026. Fitch's expected ratings are based on the underlying collateral pool, available credit enhancement (CE), the underwriting and servicing capabilities of RCT, and the transaction's financial and legal structure, which employs early amortization triggers. The expected ratings address the likelihood of investors...
