Press Release

DBRS Discontinues Ratings on 1st Financial Credit Card Master Note Trust, Series 2007-1 Securitization Due to the Repayment of the Noteholders

Consumer Loans & Credit Cards
April 21, 2011

DBRS discontinued ratings on the 1st Financial Credit Card Master Note Trust, Series 2007-1 securities. Noteholders of the following classes have been fully repaid:

-- Asset Backed Notes, Class A previously rated AAA (sf) are now rated Disc- Repaid

-- Asset Backed Notes, Class B previously rated BBB (low) (sf) are now rated Disc- Repaid

Notes:
The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

Ratings

1st Financial Credit Card Master Note Trust, Series 2007-1
  • Date Issued:Apr 21, 2011
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2011
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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.