Press Release

DBRS Discontinues Ratings of CARDS II Trust, 2004-1 and 2004-3

Consumer Loans & Credit Cards
October 15, 2009

DBRS has today discontinued the ratings of Credit Card Receivables-Backed Notes, Series 2004-1 and 2004-3 (the Notes) issued by CARDS II Trust, as the Notes were fully repaid on October 15, 2009.

Notes:
The applicable methodology is DBRS Criteria for Canadian Credit Card Securitization, which can be found on our website under Methodologies.

This is a Structured Finance rating.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

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DBRS Discontinues Ratings of CARDS II Trust, 2004-1 and 2004-3

Oct 15, 2009

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