...S&P Global Ratings assigned its '### (sf)' rating to Citibank Credit Card Issuance Trust's (CCCIT's) fixed-rate Citiseries class 2023-A1 notes. The rating reflects: + Our view that the 15.50% credit support provided by the class B and C notes and the series 2009 credit card participation certificate is sufficient to withstand the simultaneous stresses we apply to the loss rate, payment rate, yield, purchase rate, excess spread, and coupons for the notes (see table 1, Collateral Overview, and S&P Global Ratings' Assumptions sections below). + Our view that the 5.00% minimum seller's interest is sufficient under our '###' stress assumptions to absorb dilutions or noncash reductions in the receivables. + The timely payment of interest each month and full principal repayment made by the legal final maturity date under our stressed cash flow modeling scenarios for the assigned rating. + Our expectation that under a moderate ('###') stress scenario, all else being equal, the rating on the notes...
