DBRS Confirms Ratings on SCORE Trust

DBRS has today confirmed the ratings on the Credit Card Receivables-Backed Series 2004-1 Notes (the Notes) issued by SCORE Trust as the Notes have been fully cash collateralized since September 3, 2013.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodologies are Canadian Structured Finance Surveillance and DBRS Criteria for Canadian Credit Card Securitization, which are available on our website under Methodologies.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
13-Dec-13	Credit Card Receivables-Backed Senior Notes, Series 2004-1	AAA (sf)	--	Confirmed	CA
13-Dec-13	Credit Card Receivables-Backed Subordinated Notes, Series 2004-1	A (high) (sf)	--	Confirmed	CA

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SCORE Trust

Credit Card Receivables-Backed Senior Notes, Series 2004-1

Date Issued:Dec 13, 2013
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:CA

Credit Card Receivables-Backed Subordinated Notes, Series 2004-1

Date Issued:Dec 13, 2013
Rating Action:Confirmed
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:CA

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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