Rating Assigned To MASTER CREDIT CARDS PASS COMPARTMENT FRANCE Series 2017-1's Class A2017-1 Notes

OVERVIEW We have assigned our 'AAA (sf)' rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCE series 2017-1's class A2017-1 notes. The securitized portfolio comprises drawings from private individuals under a revolving credit agreement that Carrefour Banque originated in France. LONDON (S&P Global Ratings) June 26, 2017--S&P Global Ratings today assigned its 'AAA (sf)' credit rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCE Series 2017-1's class A2017-1 notes. At closing, the issuer also issued unrated class B2017-1 and S notes (see list below). The issuer is a bankruptcy remote French securitization fund (a "Fonds Commun de Titrisation"; FCT). Series 2017-1 is the fifth issuance from the FCT, since the issuance of series 2013-1 in November 2013. The securitized portfolio comprises drawings

...OVERVIEW + We have assigned our '### (sf)' rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCE series 2017-1's class A2017-1 notes. + The securitized portfolio comprises drawings from private individuals under a revolving credit agreement that Carrefour Banque originated in France. LONDON (S&P Global Ratings) June 26, 2017--S&P Global Ratings today assigned its '### (sf)' credit rating to MASTER CREDIT CARDS PASS COMPARTMENT FRANCE Series 2017-1's class A2017-1 notes. At closing, the issuer also issued unrated class B2017-1 and S notes (see list below). The issuer is a bankruptcy remote French securitization fund (a "Fonds Commun de Titrisation"; FCT). Series 2017-1 is the fifth 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 originated in France. Carrefour Banque is the captive consumer finance arm of the French retailer Carrefour...

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