American Express Credit Account Master Trust Series 2014-4 Certificates Assigned Preliminary Ratings

OVERVIEW American Express Credit Account Master Trust's 2014-4 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 certificates. The preliminary ratings reflect our view of the transaction's credit support, the underlying payment structure, and the servicer's experience, among other factors. NEW YORK (Standard&Poor's) Nov. 12, 2014--Standard&Poor's Ratings Services today assigned its preliminary ratings to American Express Credit Account Master Trust 's fixed-rate asset-backed certificates series 2014-4 (see list). The certificate issuance

...OVERVIEW American Express Credit Account Master Trust's 2014-4 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 certificates. + The preliminary ratings reflect our view of the transaction's credit support, the + underlying payment structure, and the servicer's experience, among other factors. NEW YORK (Standard & Poor's) Nov. 12, 2014--Standard & Poor's Ratings Services today assigned its preliminary ratings to American Express Credit Account Master Trust's fixed-rate asset-backed certificates series 2014-4 (see list). The certificate 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...

Ratings Action