Credit Card Blog & Article Area
Blog Post Date: Oct 04, 2006
The Hardcore business of credit cards. There's the romantic side which talks about how credit cards will help your lifestyle, and then there's the Fitch Ratings!!
Fitch Rates Discover Card Master Trust I Class A/B Series 2006-3 'AAA/A+'
NEW YORK--(BUSINESS WIRE)--Fitch rates Discover Card Master Trust I Class A/B series 2006-3 as follows:
--$500 million floating rate class A certificates 'AAA';
--$26.316 million floating rate class B certificates 'A+'.
The ratings reflect the high quality of the receivables generated by Discover Card holders, 12.5% available subordinated amount supporting class A, 7.5% cash collateral account protecting class B, the transaction's sound legal and cash flow structures, and strong servicing capabilities provided by Discover Bank.
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