Press Release

DBRS Finalizes Provisional Ratings of World Financial Network Credit Card Master Note Trust Series 2015-B

Consumer Loans & Credit Cards
August 21, 2015

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

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

Furthermore, DBRS confirms that the issuance of the Series 2015-B will not result in a reduction or withdrawal of the current ratings assigned to the outstanding notes issued under the World Financial Network Credit Card Master Note Trust.

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

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.

Ratings

  • 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

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.