World Financial Network Credit Card Master Note Trust Series 2024-A: Presale Report

DBRS, Inc. (Morningstar DBRS) assigned a provisional credit rating to the note to be issued by World Financial Network Credit Card Master Note Trust Series 2024-A (Series 2024-A), sponsored by Comenity Bank (Comenity). Comenity, the servicer and originator, is a wholly owned subsidiary of Bread Financial Holdings, Inc. (Bread), formerly known as Alliance Data Systems, Inc. Bread is publicly traded and a leading provider of tech-forward payment and lending solutions, serving customers and consumer-based industries in North America. The Series 2024-A transaction collateral is inclusive of private label and co-branded credit cards marketed to many diversified retailers.