American Express Credit Account Master Trust Series 2024-2 Assigned Preliminary Rating - S&P Global Ratings’ Credit Research

American Express Credit Account Master Trust Series 2024-2 Assigned Preliminary Rating

American Express Credit Account Master Trust Series 2024-2 Assigned Preliminary Rating - S&P Global Ratings’ Credit Research
American Express Credit Account Master Trust Series 2024-2 Assigned Preliminary Rating
Published Apr 11, 2024
4 pages (1587 words) — Published Apr 11, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

American Express Credit Account Master Trust's 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 preliminary rating to the class A notes. The preliminary rating reflects our view of the transaction's credit support and payment and legal structures, among other factors. AUSTIN (S&P Global Ratings) April 11, 2024--S&P Global Ratings today assigned its preliminary rating to American Express Credit Account Master Trust's fixed-rate asset-backed series 2024-2 class A certificates (see list). The note issuance is an ABS securitization backed by a pool of receivables generated by designated

  
Brief Excerpt:

...- American Express Credit Account Master Trust's 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 preliminary rating to the class A notes. - The preliminary rating reflects our view of the transaction's credit support and payment and legal structures, among other factors. AUSTIN (S&P Global Ratings) April 11, 2024--S&P Global Ratings today assigned its preliminary rating to American Express Credit Account Master Trust's fixed-rate asset-backed series 2024-2 class A certificates (see list). The note 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...

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "American Express Credit Account Master Trust Series 2024-2 Assigned Preliminary Rating" Apr 11, 2024. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Express-Credit-Account-Master-Trust-Series-2024-2-Assigned-Preliminary-Rating-3151736>
  
APA:
S&P Global Ratings’ Credit Research. (). American Express Credit Account Master Trust Series 2024-2 Assigned Preliminary Rating Apr 11, 2024. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Express-Credit-Account-Master-Trust-Series-2024-2-Assigned-Preliminary-Rating-3151736>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.