The ratings assigned to American Express Credit Account Master Trust's $651.6 million floating-rate asset-backed certificates series 2002-6 reflect credit enhancement of 17.5% for the class A certificates and 9.5% for the class B certificates, the strong and stable historical portfolio performance, and the structural considerations, including subordination of interest payable to the collateral interest holder. Credit support for the class A certificates is provided by the subordination of the class B certificates and the unrated collateral invested amount. Credit support for the class B certificates is provided by the collateral invested amount. Class A will receive interest payments monthly at the rate of 0.14% per year above LIBOR, calculated on the basis of the actual number of days in the
