Rating Report

Eagle Credit Card Trust, Series 2021-1: Rating Report

Consumer Loans & Credit Cards

Summary

DBRS Limited (DBRS Morningstar) finalized the provisional ratings on the Credit Card Receivables-Backed Notes, Series 2021-1 (Series 2021-1) issued by Eagle Credit Card Trust (the Trust) as follows:

-- AAA (sf) on the Credit Card Receivables-Backed Class A Notes, Series 2021-1 (the Class A Notes)
-- A (sf) on the Credit Card Receivables-Backed Class B Notes, Series 2021-1 (the Class B Notes)
-- BBB (sf) on the Credit Card Receivables-Backed Class C Notes, Series 2021-1 (the Class C Notes; collectively with the Class A Notes and Class B Notes, the Notes)