American Express Credit Account Master Trust Series 2024-1 Class A Certificates Assigned Rating

American Express Credit Account Master Trust's series 2024-1 issuance is an ABS securitization backed by a pool of receivables generated by designated consumer American Express credit card accounts and pay-over-time revolving credit features associated with certain credit card accounts that are owned by American Express National Bank. We assigned our 'AAA (sf)' rating to the class A certificates. The rating reflects our view of the transaction's credit support and payment and legal structures, among other factors. AUSTIN (S&P Global Ratings) April 23, 2024--S&P Global Ratings today assigned its 'AAA (sf)' rating to American Express Credit Account Master Trust's fixed-rate asset-backed series 2024-1 class A certificates (see list). The certificate issuance is an ABS securitization backed by a pool of receivables

...- American Express Credit Account Master Trust's series 2024-1 issuance is an ABS securitization backed by a pool of receivables generated by designated consumer American Express credit card accounts and pay-over-time revolving credit features associated with certain credit card accounts that are owned by American Express National Bank. - We assigned our '### (sf)' rating to the class A certificates. - The rating reflects our view of the transaction's credit support and payment and legal structures, among other factors. AUSTIN (S&P Global Ratings) April 23, 2024--S&P Global Ratings today assigned its '### (sf)' rating to American Express Credit Account Master Trust's fixed-rate asset-backed series 2024-1 class A certificates (see list). The certificate issuance is an ABS securitization backed by a pool of receivables generated by designated consumer American Express credit card accounts and pay-over-time revolving credit features associated with certain credit card accounts that are owned...

Ratings Action