Press Release

DBRS Discontinues Ratings on 1st Financial Credit Card Master Note Trust III, Series 2009-I Securitization Due to the Repayment of the Noteholders

Consumer Loans & Credit Cards
August 10, 2011

DBRS discontinued ratings on the 1st Financial Credit Card Master Note Trust III, Series 2009-I securities. Noteholders of the following classes have been fully repaid:

-- Class A-1 previously rated AAA (sf) are now rated Disc- Repaid
-- Class A-2 previously rated AAA (sf) are now rated Disc- Repaid
-- Class B previously rated AA (sf) are now rated Disc- Repaid
-- Class C previously rated ‘A’ (sf) are now rated Disc- Repaid
-- Class D previously rated BBB (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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

Ratings

1st Financial Credit Card Master Note Trust III
  • Date Issued:Aug 10, 2011
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 10, 2011
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 10, 2011
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 10, 2011
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 10, 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.