American Express Credit Account Master Trust Series 2019-3 And 2019-4 Assigned Ratings

OVERVIEW American Express Credit Account Master Trust's issuances are ABS transactions 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 National Bank. We assigned our ratings to the class A and B certificates from series 2019-3 and 2019-4. The ratings reflect our view of the transaction's credit support, underlying payment structure and cash flow mechanics, and the legal structure, among other factors. DALLAS (S&P Global Ratings) Sept. 23, 2019--S&P Global Ratings today assigned its ratings to American Express Credit Account Master Trust's series 2019-3 and 2019-4 certificates, respectively (see list). The certificate issuances are ABS transactions backed by a pool

...OVERVIEW + American Express Credit Account Master Trust's issuances are ABS transactions 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 National Bank. + We assigned our ratings to the class A and B certificates from series 2019-3 and 2019-4. + The ratings reflect our view of the transaction's credit support, underlying payment structure and cash flow mechanics, and the legal structure, among other factors. DALLAS (S&P Global Ratings) Sept. 23, 2019--S&P Global Ratings today assigned its ratings to American Express Credit Account Master Trust's series 2019-3 and 2019-4 certificates, respectively (see list). The certificate issuances are ABS transactions 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...

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