Press Release

DBRS Assigns Final Ratings to Cabela's Credit Card Master Note Trust, Series 2012-II

Consumer Loans & Credit Cards
June 27, 2012

DBRS, Inc. (DBRS) has today assigned final ratings to the following classes issued by Cabela's Credit Card Master Note Trust (“CCCMNT”), Series 2012-II:

-Series 2012-II Notes, Class A-1 rated AAA (sf)
-Series 2012-II Notes, Class A-2 rated AAA (sf)
-Series 2012-II Notes, Class B rated ‘A’ (high) (sf)
-Series 2012-II Notes, Class C rated BBB (sf)
-Series 2012-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, which can be found on our website under Methodologies.

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

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

Cabela's Credit Card Master Note Trust Series 2012-II
  • Date Issued:Jun 27, 2012
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jun 27, 2012
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jun 27, 2012
  • Rating Action:Provis.-Final
  • Ratings:A (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jun 27, 2012
  • Rating Action:Provis.-Final
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jun 27, 2012
  • Rating Action:Provis.-Final
  • Ratings:BB (sf)
  • 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

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