WF Card Issuance Trust's issuance is an ABS securitization backed by a pool of credit card receivables generated from a portfolio of designated unsecured consumer revolving credit card accounts owned by Wells Fargo Bank N.A. We assigned our preliminary rating to the class A(2026-2) notes. The preliminary rating reflects our view of the transaction's credit support, payment structure, cash flow mechanics, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Nov. 2, 2026--S&P Global Ratings today assigned its preliminary rating to WF Card Issuance Trust's WFCardSeries class A(2026-2) notes (see list). The note issuance is an ABS securitization backed by pool of credit card receivables generated from a portfolio of designated unsecured consumer revolving credit card accounts
