Fitch Ratings expects to rate Citibank Omni Master Trust 2009-A14 notes as follows:
--$2.15 billion one-month LIBOR + 2.75% 2009-A14 ''AAA''.
The expected rating reflects the available credit enhancement for the class A notes, which totals 30%, achieved through 13% subordination of the class B notes, 6% subordination of the class C notes, 6.25% subordination of the class D notes, and 4.75% subordination of the class E notes. The expected 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.
In addition, the expected rating is contingent upon the issuance of subordinated notes before the close of this transaction.
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, +1-212-908-0847
Cynthia
Ullrich, +1-212-908-0609
or
Sandro Scenga, +1-212-908-0278
(Media
Relations, New York)
sandro.scenga@fitchratings.com
