WF Card Issuance Trust WFCardSeries Class A(2024-2) Assigned Preliminary Rating - S&P Global Ratings’ Credit Research

WF Card Issuance Trust WFCardSeries Class A(2024-2) Assigned Preliminary Rating

WF Card Issuance Trust WFCardSeries Class A(2024-2) Assigned Preliminary Rating - S&P Global Ratings’ Credit Research
WF Card Issuance Trust WFCardSeries Class A(2024-2) Assigned Preliminary Rating
Published Oct 15, 2024
4 pages (1613 words) — Published Oct 15, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

WF Card Issuance Trust's issuance is an ABS securitization backed by a pool of revolving consumer credit card receivables generated by designated accounts that are owned by Wells Fargo Bank N.A. We assigned our preliminary rating to the class A(2024-2) notes. The preliminary rating reflects our view of the transaction's credit support, payment structure, cash flow mechanics, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) Oct. 15, 2024--S&P Global Ratings today assigned its preliminary rating to WF Card Issuance Trust's WFCardSeries class A(2024-2) notes (see list). The note issuance is an ABS securitization backed by a pool of revolving consumer credit card receivables generated by designated accounts that are owned by Wells Fargo Bank N.A. The preliminary rating

  
Brief Excerpt:

...- WF Card Issuance Trust's issuance is an ABS securitization backed by a pool of revolving consumer credit card receivables generated by designated accounts that are owned by Wells Fargo Bank N.A. - We assigned our preliminary rating to the class A(2024-2) notes. - The preliminary rating reflects our view of the transaction's credit support, payment structure, cash flow mechanics, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) Oct. 15, 2024--S&P Global Ratings today assigned its preliminary rating to WF Card Issuance Trust's WFCardSeries class A(2024-2) notes (see list). The note issuance is an ABS securitization backed by a pool of revolving consumer credit card receivables generated by designated accounts that are owned by Wells Fargo Bank N.A. The preliminary rating is based on information as of Oct. 15, 2024. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary rating reflects: - Our...

  
Report Type:

Ratings Action

Issuer
WF Card Issuance Trust
Sector
Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "WF Card Issuance Trust WFCardSeries Class A(2024-2) Assigned Preliminary Rating" Oct 15, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/WF-Card-Issuance-Trust-WFCardSeries-Class-A-2024-2-Assigned-Preliminary-Rating-3267544>
  
APA:
S&P Global Ratings’ Credit Research. (). WF Card Issuance Trust WFCardSeries Class A(2024-2) Assigned Preliminary Rating Oct 15, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/WF-Card-Issuance-Trust-WFCardSeries-Class-A-2024-2-Assigned-Preliminary-Rating-3267544>
  
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