Fitch Ratings assigns the following rating to Citibank Credit Card Issuance Trust Citiseries's class A, (2009-2) notes:
--$1.25 billion one-month LIBOR + 1.55% class A (2009-2) 'AAA'.
The Rating Outlook is Stable. The rating reflects the available credit enhancement for the class A notes, which totals 16%, achieved through 5.25% subordination of class B notes and 10.75% of class C notes. The rating also reflects the quality of the underlying receivable pool, Citibank (South Dakota), N.A.'s underwriting and servicing capabilities, as well as the transaction's legal structures, which employ early amortization triggers.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Contacts:
Fitch Ratings, New York
Herman C. Poon, 212-908-0847
Cynthia
Ullrich, 212-908-0609
or
Media Relations:
Sandro Scenga,
212-908-0278
Email: sandro.scenga@fitchratings.com
