Fitch Publishes Updated Global Credit Card ABS Rating Criteria

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings today published an updated criteria report outlining the methodology used by Fitch to analyze the ratings for credit card asset-backed securities. There were no substantive changes from the previous version, and therefore Fitch expects no impact on outstanding ratings.

This report updates and replaces the prior criteria report dated May 30, 2014.

The report presents Fitch's analytical approach to rating credit card ABS and outlines the unique features of these transactions. Additionally, the report details key rating drivers associated with credit card ABS.

The full 'Global Credit Card ABS Rating Criteria' report is available on the Fitch web site 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Global Credit Card ABS Rating Criteria

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867482

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150626005756/en/

Fitch Ratings
Herman C. Poon
Director
+1-212-908-0847
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Media Relations
Sandro Scenga, +1 212-908-0278
[email protected]

Source: Fitch Ratings

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