Citibank Credit Card Issuance Trust's 2023-A1 Notes Assigned Rating

Citibank Credit Card Issuance Trust's note issuance is an ABS transaction backed by a revolving pool of U.S. dollar-denominated credit card receivables generated by personal and small business accounts that are originated and serviced by Citibank N.A. We assigned our 'AAA (sf)' rating to the Citiseries class 2023-A1 notes. The rating reflects our view of the transaction's payment structure, cash flow mechanics, and legal structure, among other factors. GULFPORT (S&P Global Ratings) Dec. 11, 2023--S&P Global Ratings today assigned its 'AAA (sf)' rating to Citibank Credit Card Issuance Trust's fixed-rate Citiseries class 2023-A1 notes. The note issuance is an asset-backed security (ABS) transaction backed by a revolving pool of U.S. dollar-denominated credit card receivables generated by personal and small business

...- Citibank Credit Card Issuance Trust's note issuance is an ABS transaction backed by a revolving pool of U.S. dollar-denominated credit card receivables generated by personal and small business accounts that are originated and serviced by Citibank N.A. - We assigned our '### (sf)' rating to the Citiseries class 2023-A1 notes. - The rating reflects our view of the transaction's payment structure, cash flow mechanics, and legal structure, among other factors. GULFPORT (S&P Global Ratings) Dec. 11, 2023--S&P Global Ratings today assigned its '### (sf)' rating to Citibank Credit Card Issuance Trust's fixed-rate Citiseries class 2023-A1 notes. The note issuance is an asset-backed security (ABS) transaction backed by a revolving pool of U.S. dollar-denominated credit card receivables generated by personal and small business accounts that are originated and serviced by Citibank N.A. The rating reflects: - Our view that the notes have sufficient credit support to withstand the simultaneous stresses...

Ratings Action