DBRS Confirms Broadway Credit Card Trust

DBRS has today confirmed the ratings of Broadway Credit Card Trust (the Trust) with the closing of the sale of $2.1 billion in MasterCard receivables from Citi Cards Canada Inc., the initial seller and servicer of the Trust, to Canadian Imperial Bank of Commerce, as discussed in the DBRS press release dated June 15, 2010. The ratings for the outstanding notes issued by the Trust have been confirmed as follows:

– AAA (sf) for the Credit Card Receivables-Backed Class A Notes, Series 2004-2
– “A” (sf) for the Credit Card Receivables-Backed Class B Notes, Series 2004-2
– BBB (sf) for the Credit Card Receivables-Backed Class C Notes, Series 2004-2
– AAA (sf) for the Credit Card Receivables-Backed Class A Notes, Series 2008-1
– “A” (sf) for the Credit Card Receivables-Backed Class B Notes, Series 2008-1
– BBB (sf) for the Credit Card Receivables-Backed Class C Notes, Series 2008-1
– AAA (sf) for the Credit Card Receivables-Backed Class A Notes, Series 2008-2
– “A” (sf) for the Credit Card Receivables-Backed Class B Notes, Series 2008-2
– BBB (sf) for the Credit Card Receivables-Backed Class C Notes, Series 2008-2

Notes:
All figures are in Canadian dollars unless otherwise noted.

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

Media Contact
Caroline Creighton
Senior Vice President
Communications
Tel. +1 416 597 7317
ccreighton@dbrs.com