Morningstar DBRS Discontinues Credit Rating on Eagle Credit Card Trust, Series 2019-1

DBRS Limited (Morningstar DBRS) discontinued its credit rating on the Credit Card Receivables-Backed Notes, Series 2019-1 issued by Eagle Credit Card Trust as the they were fully repaid.

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE CONSIDERATIONS   
There were no Environmental/Social/Governance factor(s) that had a significant or relevant effect on the credit analysis.
 
A description of how Morningstar DBRS considers ESG factors within the Morningstar DBRS analytical framework can be found in the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (January 23, 2024), http://dbrs.morningstar.com/research/427030.

Notes:
The principal methodology applicable to the credit rating is Master Canadian Structured Finance Surveillance Methodology (June 7, 2023), https://dbrs.morningstar.com/research/415503.

Other methodologies referenced in this transaction are listed at the end of this press release.

The credit rating was initiated at the request of the rated entity.

The rated entity or its related entities did participate in the credit rating process for this credit rating action.

Morningstar DBRS had access to the accounts, management, and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.

This is a solicited credit rating.

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada
Tel. +1 416 593-5577

The credit rating methodologies used in the analysis of this transaction can be found at: https://dbrs.morningstar.com/about/methodologies.

-- Rating Canadian Credit Card and Personal Lines of Credit Securitizations (June 28, 2024) https://dbrs.morningstar.com/research/435269
-- Operational Risk Assessments for Canadian Structured Finance (April 5, 2024) https://dbrs.morningstar.com/research/430834
-- Legal Criteria for Canadian Structured Finance (June 20, 2023) https://dbrs.morningstar.com/document/416101

A description of how Morningstar DBRS analyzes structured finance transactions and how the methodologies are collectively applied can be found at: https://dbrs.morningstar.com/research/410863.

For more information on this credit or on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.