Report

Moody's Ratings: No adverse rating impact on Master Credit Card Trust II ABS following 21 November 2025 amendment to the Receivables Purchase Agreement

Moody's Ratings (Moody's) announced today that that the amendment to the Master Credit Card Trust II (the "Trust") Receivables Purchase Agreement (RPA) would not, in and of itself and at this time, result in a downgrade or withdrawal of the ratings currently assigned to any class of outstanding note...
Underlyings
Master Credit Card Trust II, Series 2022-2

Master Credit Card Trust II, Series 2022-4

Master Credit Card Trust II, Series 2022-5

Master Credit Card Trust II, Series 2023-1

Master Credit Card Trust II, Series 2023-3

Master Credit Card Trust II, Series 2023-4

Master Credit Card Trust II, Series 2024-1

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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