DBRS Rates American Express Credit Corporation $1.4 billion Issuance of Senior Notes at A (high)

DBRS, Inc. (DBRS) has today assigned a rating of A (high) to the $900 million 1.80% Fixed Rate Senior Notes due July 2018 and the $500 million Floating Rate Senior Notes due July 2018 (together the Notes) issued by American Express Credit Corporation (Amex CredCo or the Company). The trend on all of the Notes is Stable. The proceeds from the notes will be included in the general funds of American Express and available for general corporate purposes.

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

The principal applicable methodology is the Global Methodology for Rating Finance Companies (October 2014). Other applicable methodologies include Global Methodology for Rating Banks and Banking Organisations (June 2015), DBRS Criteria – Support Assessments for Banks and Banking Organisations (March 2015), and Rating Holding Companies and Their Subsidiaries (January 2015). These can be found at: http://www.dbrs.com/about/methodologies.

The primary sources of information used for this rating include company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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

For additional information on this rating, please refer to the linking document under Related Research.