Fitch rates Citibank Credit Card Issuance Trust Citiseries class A, (2009-4) notes as follows:
--$650 million 4.90% fixed class A (2009-4) 'AAA'.
The Rating Outlook is Stable. The rating reflects the available credit enhancement for the class A notes, which totals 16%, achieved through 5.00% subordination of class B notes, 6.70% subordination of class C notes, and 4.30% subordination of the series 2009 certificate. 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.
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Fitch Ratings, New York
Herman C. Poon, 212-908-0847
Cynthia
Ullrich, 212-908-0609
or
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Sandro Scenga,
212-908-0278
Email: sandro.scenga@fitchratings.com