DBRS Finalizes Prov. Ratings of World Financial Network Credit Card Master Note Trust Series 2014-B

DBRS has today finalized its provisional ratings on the following classes issued by World Financial Network Credit Card Master Note Trust Series 2014-B (Series 2014-B Notes):

-- Class A rated AAA (sf)
-- Class M rated AA (sf)
-- Class B rated A (sf)
-- Class C rated BBB (sf)

Furthermore, based on the issuance of the Series 2014-B Notes, DBRS has confirmed its ratings on all other series issued from the World Financial Network Credit Card Master Note Trust as follows:

World Financial Network Credit Card Master Note Trust Series 2009-VFN
-- Class A rated AAA (sf)
-- Class M rated AA (sf)

World Financial Network Credit Card Master Note Trust Series 2012-D
-- Class A rated AAA (sf)
-- Class M rated AA (sf)
-- Class B rated A (sf)
-- Class C rated BBB (sf)

World Financial Network Credit Card Master Note Trust Series 2013-B
-- Class A rated AAA (sf)
-- Class M rated AA (sf)
-- Class B rated A (sf)
-- Class C rated BBB (sf)

Notes:
The applicable methodology is U.S. Credit Card Asset-Backed Securities, which can be found on the DBRS 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.

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