Report

Moody's: No ratings impact on First National Master Note Trust ABS following the issuance of Class A Series 2023-2 Asset Backed Notes

Moody's Investors Service ("Moody's") announced today that the issuance of the Class A Series 2023-2 Asset Backed Notes on September 22, 2023 would not, in and of itself and as of this time, result in a downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by ...
Underlyings
First National Master Note Trust (FNBO), Series 2023-1

First National Master Note Trust (FNBO), Series 2023-2

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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