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Quality | 2009.12.18

Fitch Expects to Rate Citibank Credit Card Issuance Trust Citiseries Class A (2009-5) Notes 'AAA'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects to rate Citibank Credit Card Issuance Trust Citiseries class A, (2009-5) notes as follows: --$1.5 billion 2.25% fixed class A (2009-5) \'AAA\'. The expected rating reflects the available credit enhancement for the class A notes, which totals 16%, achieved through 5% subordination of class B notes, 6.7% subordination of class C notes, and 4.3% subordination of the series 2009 certificate. The expected rating also reflects the quality of the underlyin

 

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