1st Financial Credit Card Master Note Trust II, Series 2009-B and 2009-C: DBRS Rates 1st Financial Credit Card Master Note Trust II, Series 2009-B and 2009-C

DBRS has finalized ratings to the 1st Financial Credit Card Master Note Trust II, Series 2009-B and 2009-C. The transaction represents the tenth issuance from the second master note trust (Trust II) managed by 1st Financial Bank USA (1st Financial or the sponsor). Eight of these series have matured and, with this issuance, three are outstanding. The pool is collateralized by a portfolio of receivables originated in various credit card accounts.

Notes:
The applicable methodology is Rating U.S. Credit Card Securitizations, which can be found on our website under Methodologies.

The Pre-sale report describing this transaction is available at www.dbrs.com.

This rating is based on public information.

This is a Structured Finance rating.

Ratings

1st Financial Credit Card Master Note Trust II, Series 2009-B

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
10-Sep-09	Class A	AAA (sf)	--	Provis.-Final	US
10-Sep-09	Class A-2	AAA (sf)	--	Provis.-Final	US
10-Sep-09	Class B	AA (high) (sf)	--	Provis.-Final	US
10-Sep-09	Class C	A (high) (sf)	--	Provis.-Final	US
10-Sep-09	Class D	BBB (high) (sf)	--	Provis.-Final	US
10-Sep-09	Senior Cash Collateral Account	BB (high) (sf)	--	New Rating	US
10-Sep-09	Intermediate Cash Collateral Account	BB (sf)	--	New Rating	US

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1st Financial Credit Card Master Note Trust II, Series 2009-C

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
10-Sep-09	Class A-1	AAA (sf)	--	Provis.-Final	US
10-Sep-09	Class A-2	AAA (sf)	--	Provis.-Final	US
10-Sep-09	Class B	AA (high) (sf)	--	Provis.-Final	US
10-Sep-09	Class C	A (high) (sf)	--	Provis.-Final	US
10-Sep-09	Class D	BBB (high) (sf)	--	Provis.-Final	US
10-Sep-09	Senior Cash Collateral Account	BB (high) (sf)	--	New Rating	US
10-Sep-09	Intermediate Cash Collateral Account	BB (sf)	--	New Rating	US

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1st Financial Credit Card Master Note Trust II, Series 2009-B

Class A

Date Issued:Sep 10, 2009
Rating Action:Provis.-Final
Ratings:AAA (sf)
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Rating Recovery:
Issued:US

Class A-2

Date Issued:Sep 10, 2009
Rating Action:Provis.-Final
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class B

Date Issued:Sep 10, 2009
Rating Action:Provis.-Final
Ratings:AA (high) (sf)
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Rating Recovery:
Issued:US

Class C

Date Issued:Sep 10, 2009
Rating Action:Provis.-Final
Ratings:A (high) (sf)
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Rating Recovery:
Issued:US

Class D

Date Issued:Sep 10, 2009
Rating Action:Provis.-Final
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Senior Cash Collateral Account

Date Issued:Sep 10, 2009
Rating Action:New Rating
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Intermediate Cash Collateral Account

Date Issued:Sep 10, 2009
Rating Action:New Rating
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US