Master Credit Cards Pass Compartment France Series 2019-1 Class A2019-1 Notes Assigned Rating

We have assigned our 'AAA (sf)' rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCE series 2019-1's class A2019-1 notes. The securitized portfolio comprises drawings from private individuals under a revolving credit agreement that Carrefour Banque originated in France. MADRID (S&P Global Ratings) Oct. 25, 2019--S&P Global Ratings today assigned its 'AAA (sf)' credit rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCESeries 2019-1's class A2019-1 notes. At closing, the issuer also issued unrated class B2019-1 and S notes (see list). The issuer is a bankruptcy remote French securitization fund (a "Fonds Commun de Titrisation"; FCT). Series 2019-1 is the sixth issuance from the FCT, since the issuance of series 2013-1 in November 2013. The securitized portfolio comprises drawings from private individuals

...- We have assigned our '### (sf)' rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCE series 2019-1's class A2019-1 notes. - The securitized portfolio comprises drawings from private individuals under a revolving credit agreement that Carrefour Banque originated in France. MADRID (S&P Global Ratings) Oct. 25, 2019--S&P Global Ratings today assigned its '### (sf)' credit rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCESeries 2019-1's class A2019-1 notes. At closing, the issuer also issued unrated class B2019-1 and S notes (see list). The issuer is a bankruptcy remote French securitization fund (a "Fonds Commun de Titrisation"; FCT). Series 2019-1 is the sixth issuance from the FCT, since the issuance of series 2013-1 in November 2013. The securitized portfolio comprises drawings from private individuals under a revolving credit agreement that Carrefour Banque S.A. originated in France. Carrefour Banque is the captive consumer finance arm of the French retailer Carrefour S.A., Europe's...

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