American Express Credit Account Master Trust Series 2025-1 Notes Assigned Preliminary Rating

American Express Credit Account Master Trust's series 2025-1 issuance is an ABS transaction 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 from the transaction. The preliminary rating reflects our view of the transaction's credit support, collateral characteristics, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) Jan. 30, 2025--S&P Global Ratings today assigned its preliminary rating to American Express Credit Account Master Trust's asset-backed notes series 2025-1 (see list). The note issuance is an ABS transaction backed by a pool

...- American Express Credit Account Master Trust's series 2025-1 issuance is an ABS transaction 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 from the transaction. - The preliminary rating reflects our view of the transaction's credit support, collateral characteristics, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) Jan. 30, 2025--S&P Global Ratings today assigned its preliminary rating to American Express Credit Account Master Trust's asset-backed notes series 2025-1 (see list). The note issuance is an ABS transaction 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...

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