Press Release

DBRS Assigns Final Ratings to Cabela’s Credit Card Master Note Trust Series 2011-II and Confirms All Outstanding Ratings

Consumer Loans & Credit Cards
July 01, 2011

DBRS has today assigned final ratings to the following classes issued by Cabela’s Credit Card Master Note Trust Series 2011-II:

-Series 2011-II Notes, Class A-1 rated AAA (sf)
-Series 2011-II Notes, Class A-2 rated AAA (sf)
-Series 2011-II Notes, Class B rated A (high) (sf)
-Series 2011-II Notes, Class C rated BBB (sf)
-Series 2011-II Notes, Class D rated BB (sf)

DBRS has also confirmed all its outstanding ratings for the Cabela’s Credit Card Master Note Trust.

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

The applicable methodology is Rating U.S. Credit Card Securitizations – June 2011, which can be found on our website under Methodologies.

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

Ratings

Cabela's Credit Card Master Note Trust Series 2009-I
Cabela's Credit Card Master Note Trust Series 2010-I
Cabela's Credit Card Master Note Trust Series 2010-II
Cabela's Credit Card Master Note Trust Series 2011-II
  • 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.

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