Citibank Credit Card Issuance Trust Citiseries Class 2016-A3 Assigned Rating - S&P Global Ratings’ Credit Research

Citibank Credit Card Issuance Trust Citiseries Class 2016-A3 Assigned Rating

Citibank Credit Card Issuance Trust Citiseries Class 2016-A3 Assigned Rating - S&P Global Ratings’ Credit Research
Citibank Credit Card Issuance Trust Citiseries Class 2016-A3 Assigned Rating
Published Dec 19, 2016
5 pages (1878 words) — Published Dec 19, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW The Citibank Credit Card Issuance Trust (CCCIT) Citiseries class 2016-A3 notes are secured by a collateral certificate, series 2000, issued by Citibank Credit Card Master Trust I (CCCMTI). The series 2000 collateral certificate is secured by a security interest in the finance charge and principal receivables owned by CCCMTI and serviced by Citibank. The receivables are generated by credit card accounts originated and owned by Citibank. CCCIT is a delinked trust in which delinked tranches can be issued as long as certain issuance conditions are met, including sufficient subordination to provide the required credit support. We assigned our 'AAA (sf)' rating to the class 2016-A3 notes. The ratings reflect our view of the transaction's credit support, payment structure, and

  
Brief Excerpt:

...OVERVIEW + The Citibank Credit Card Issuance Trust (CCCIT) Citiseries class 2016-A3 notes are secured by a collateral certificate, series 2000, issued by Citibank Credit Card Master Trust I (CCCMTI). The series 2000 collateral certificate is secured by a security interest in the finance charge and principal receivables owned by CCCMTI and serviced by Citibank. The receivables are generated by credit card accounts originated and owned by Citibank. CCCIT is a delinked trust in which delinked tranches can be issued as long as certain issuance conditions are met, including sufficient subordination to provide the required credit support. + We assigned our '### (sf)' rating to the class 2016-A3 notes. + The ratings reflect our view of the transaction's credit support, payment structure, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Dec. 19, 2016--S&P Global Ratings today assigned its '### (sf)' rating to Citibank Credit Card Issuance Trust (CCCIT) Citiseries class 2016-A3...

  
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Citibank Credit Card Issuance Trust Citiseries Class 2016-A3 Assigned Rating" Dec 19, 2016. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Citibank-Credit-Card-Issuance-Trust-Citiseries-Class-2016-A3-Assigned-Rating-1776146>
  
APA:
S&P Global Ratings’ Credit Research. (). Citibank Credit Card Issuance Trust Citiseries Class 2016-A3 Assigned Rating Dec 19, 2016. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Citibank-Credit-Card-Issuance-Trust-Citiseries-Class-2016-A3-Assigned-Rating-1776146>
  
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