กรุงเทพฯ--22 ม.ค.--Standard & Poor's
NEW YORK (Standard & Poor's) Jan. 21, 2016--Standard & Poor's Ratings Servicestoday assigned its preliminary 'AAA (sf)' rating to Discover Card ExecutionNote Trust's $500 million class A (2016-1) fixed-rate DiscoverSeries notes(see list).
The note issuance is an asset-backed securities (ABS) transaction backed byundivided investor interest in Discover Card Master Trust I's series 2007-CCcollateral certificate, which, in turn, is collateralized by receivablesgenerated from designated Discover Card accounts.
The preliminary rating is based on information as of Jan. 21, 2016. Subsequentinformation may result in the assignment of a final rating that differs fromthe preliminary rating.