Fitch Ratings expects to rate Citibank Omni Master Trust 2009-A17 notes as follows:
--$1.5 billion 4.9% 2009-A17 'AAA'.
The expected rating reflects the available credit enhancement for the class A notes, which totals 30%, achieved through 13% subordination of class B notes, 6% subordination of class C notes, 6.25% subordination of class D notes, and 4.75% subordination of 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. For more details, please see 'Citibank Omni Master Trust, Class A (2009-17) Omniseries Notes' Presale Report available at 'www.fitchratings.com'.
In addition, the expected rating is contingent upon the issuance of subordinated notes before the close of this transaction.
Additional information is available at 'www.fitchratings.com'.
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