American Express Credit Account Master Trust Series 2014-5 Certificates Assigned Ratings

OVERVIEW American Express Credit Account Master Trust's 2014-5 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 ratings to the class A and B certificates. Theratings 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. 19, 2014--Standard&Poor's Ratings Services today assigned its ratings to American Express Credit Account Master Trust 's floating-rate asset-backed certificates series 2014-5 (see list). The certificate issuance is an asset-backed securities

...OVERVIEW American Express Credit Account Master Trust's 2014-5 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 ratings to the class A and B certificates. + Theratings 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. 19, 2014--Standard & Poor's Ratings Services today assigned its ratings to American Express Credit Account Master Trust's floating-rate asset-backed certificates series 2014-5 (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 associated with charge card accounts...

Ratings Action