DBRS Finalizes Ratings on World Financial Network Credit Card Master Note Trust Series 2015-A

DBRS, Inc. has today finalized its provisional ratings on the following classes issued by World Financial Network Credit Card Master Note Trust Series 2015-A:

-- 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 by the World Financial Network Credit Card Master Note Trust as follows:

-- Series 2009-VFN, Class A confirmed at AAA (sf)
-- Series 2009-VFN, Class M confirmed at AA (sf)

-- Series 2012-D, Class A confirmed at AAA (sf)
-- Series 2012-D, Class M confirmed at AA (sf)
-- Series 2012-D, Class B confirmed at A (sf)
-- Series 2012-D, Class C confirmed at BBB (sf)

-- Series 2013-B, Class A confirmed at AAA (sf)
-- Series 2013-B, Class M confirmed at AA (sf)
-- Series 2013-B, Class B confirmed at A (sf)
-- Series 2013-B, Class C confirmed at BBB (sf)

-- Series 2014-B, Class A confirmed at AAA (sf)
-- Series 2014-B, Class M confirmed at AA (sf)
-- Series 2014-B, Class B confirmed at A (sf)
-- Series 2014-B, Class C confirmed at BBB (sf)

-- Series 2014-C, Class A confirmed at AAA (sf)
-- Series 2014-C, Class M confirmed at AA (sf)
-- Series 2014-C, Class B confirmed at A (sf)
-- Series 2014-C, Class C confirmed at BBB (sf)

Notes:
All figures are in U.S. dollars unless otherwise noted.

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

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.

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

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