American Express Credit Account Master Trust $521.429 Million Notes Series 2017-3 Assigned Preliminary Ratings

OVERVIEW American Express Credit Account Master Trust's issuance is an ABS transaction backed by a pool of receivables generated by American Express credit card accounts and pay over time revolving credit features associated with charge card accounts that are owned by American Express Centurion Bank or American Express Bank FSB. We assigned our preliminary ratings to the class A and B notes. The preliminary ratings refelct our view of the transaction's payment structure, credit support, and inherent credit risk, among other factors. NEW YORK (S&P Global Ratings) April 18, 2017--S&P Global Ratings today assigned its preliminary ratings to American Express Credit Account Master Trust's $521.429 million class A and B fixed-rate asset-backed certificates series 2017-3 (see list). The note issuance

...OVERVIEW + American Express Credit Account Master Trust's issuance is an ABS transaction backed by a pool of receivables generated by American Express credit card accounts and pay over time revolving credit features associated with charge card accounts that are owned by American Express Centurion Bank or American Express Bank FSB. + We assigned our preliminary ratings to the class A and B notes. + The preliminary ratings refelct our view of the transaction's payment structure, credit support, and inherent credit risk, among other factors. NEW YORK (S&P Global Ratings) April 18, 2017--S&P Global Ratings today assigned its preliminary ratings to American Express Credit Account Master Trust's $521.429 million class A and B fixed-rate asset-backed certificates series 2017-3 (see list). The note issuance is an asset-backed securities transaction backed by a pool of receivables generated by American Express credit card accounts and pay over time revolving credit features associated with charge...

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