Rating Report

CARDS II Trust, Series 2019-2: Rating Report

Consumer Loans & Credit Cards

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional ratings on the following notes (the Notes) issued by CARDS II Trust (the Trust):

-- AAA (sf) on the Credit Card Receivables-Backed Class A Notes, Series 2019-2 (the Class A Notes)
-- A (sf) on the Credit Card Receivables-Backed Class B Notes, Series 2019-2 (the Class B Notes)
-- BBB (sf) on the Credit Card Receivables-Backed Class C Notes, Series 2019-2 (the Class C Notes)