Citibank Credit Card Issuance Trust Notes Class 2018-A3 Assigned Rating

OVERVIEW Citibank Credit Card Issuance Trust's issuance is an ABS transaction backed by undivided investor interest in Citibank Credit Card Master Trust I's series 2000 collateral certificate, which in turn is collateralized by credit card receivables from VISA, MasterCard, and American Express revolving credit card accounts that are originated and serviced by Citibank N.A. We assigned our 'AAA (sf)' rating to the class 2018-A3 notes. The preliminary rating reflects our view of the transaction's credit support, underlying payment structure, cash flow mechanics, and legal structure, among other factors. TORONTO (S&P Global Ratings) May 29, 2018--S&P Global Ratings today assigned its preliminary 'AAA (sf)' rating to Citibank Credit Card Issuance Trust's $500 million 3.29% Citiseries class 2018-A3 notes (see list). The

...OVERVIEW + Citibank Credit Card Issuance Trust's issuance is an ABS transaction backed by undivided investor interest in Citibank Credit Card Master Trust I's series 2000 collateral certificate, which in turn is collateralized by credit card receivables from VISA, MasterCard, and American Express revolving credit card accounts that are originated and serviced by Citibank N.A. + We assigned our '### (sf)' rating to the class 2018-A3 notes. + The preliminary rating reflects our view of the transaction's credit support, underlying payment structure, cash flow mechanics, and legal structure, among other factors. TORONTO (S&P Global Ratings) May 29, 2018--S&P Global Ratings today assigned its preliminary '### (sf)' rating to Citibank Credit Card Issuance Trust's $500 million 3.29% Citiseries class 2018-A3 notes (see list). The note issuance is an asset-backed securities transaction backed by undivided investor interest in Citibank Credit Card Master Trust I's series 2000 collateral certificate,...

Ratings Action