Two credit card deals are giving life to what has thus far been an auto-dominated ABS market.
Citigroup Global Markets came to market with Citibank Card Issuance Trust 2009-A1, a $3 billion credit card deal. Details provided by the ASR Scorecard database are found in the attachment below.
Elsewhere, Capital One is prepping a credit card ABS deal called Capital One Master Trust 2009-A (COMT).
Fitch Ratings has rated the deal as follows: Class B variable funding asset backed certificates ‘A’ and Class C variable funding asset backed interests ‘BBB’, according to a release from the agency.
