Press Release

DBRS Assigns Final Ratings to 1st Financial Credit Card Master Note Trust II, Series 2010-A and Series 2010-B

Consumer Loans & Credit Cards
April 23, 2010

DBRS has today assigned final ratings to the following notes issued by 1st Financial Credit Card Master Note Trust II

– Series 2010-A ,Class A Notes rated AAA
– Series 2010-A ,Class B Notes rated AA (high)
– Series 2010-A ,Class C Notes rated A (high)
– Series 2010-A ,Class D Notes rated BBB (high)
– Series 2010-B ,Class A Notes rated AAA
– Series 2010-B ,Class B Notes rated AA (high)
– Series 2010-B ,Class C Notes rated A (high)
– Series 2010-B ,Class D Notes rated BBB (high)

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.

This is a Structured Finance Rating.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.

Ratings

1st Financial Credit Card Master Note Trust II, Series 2010-A
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:AA (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:A (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
1st Financial Credit Card Master Note Trust II, Series 2010-B
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:AA (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:A (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Apr 23, 2010
  • Rating Action:Provis.-Final
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • 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