DBRS Rates Cabela’s Credit Card Master Note Trust Series 2010-I

DBRS has today assigned provisional ratings to the following classes issued by Cabela’s Credit Card Master Note Trust Series 2010-I

-- Series 2010-I Notes, Class A-1 rated AAA
-- Series 2010-I Notes, Class A-2 rated AAA
-- Series 2010-I Notes, Class B rated A (high)
-- Series 2010-I Notes, Class C rated BBB
-- Series 2010-I Notes, Class D rated BB

This transaction represents the first series issuance from the Cabela’s Credit Card Master Note Trust in 2010 (Trust).

The ratings reflect the ability of the transaction structure to withstand significant stresses relative to base case losses, yield stresses and payment rate stresses, as appropriate for the rating category.

Note:
All figures are in U.S. dollars unless otherwise noted.

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