CARDS II Trust, Series 2021-1: Presale Report
DBRS Limited (DBRS Morningstar) assigned provisional ratings to the Credit Card Receivables-Backed Notes, Series 2021-1 to be issued by CARDS II Trust as follows:-- AAA (sf) to the Credit Card Receivables-Backed Class A Notes, Series 2021-1 (the Class A Notes)
-- A (sf) to the Credit Card Receivables-Backed Class B Notes, Series 2021-1 (the Class B Notes)
-- BBB (sf) to the Credit Card Receivables-Backed Class C Notes, Series 2021-1 (the Class C Notes)
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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