Press Release

DBRS Discontinues Rating on 1st Financial Credit Card Master Note Trust III, Series 2009-II

Consumer Loans & Credit Cards
February 24, 2012

DBRS, Inc. (DBRS) has discontinued its ratings on the 1st Financial Credit Card Master Note Trust III, Series 2009-II. The follow ratings have been discontinued due to repayment of the noteholders:

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

Notes:
All figures are in USD unless otherwise noted.

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 III, Series 2009-II
  • Date Issued:Feb 24, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Feb 24, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Feb 24, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Feb 24, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Feb 24, 2012
  • 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.