CARDS II Trust, Series 2022-1: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  27-Jan-22	Credit Card Receivables-Backed Class A Notes, Series 2022-1	AAA (sf)	--	Provis.-Final	CA
  27-Jan-22	Credit Card Receivables-Backed Class B Notes, Series 2022-1	A (sf)	--	Provis.-Final	CA
  27-Jan-22	Credit Card Receivables-Backed Class C Notes, Series 2022-1	BBB (sf)	--	Provis.-Final	CA

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