Fitch Rates Golden Credit Card Trust, Series 2016-1; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns the following ratings to Golden Credit Card Trust, series 2016-1: –$625,000,000 USD class A asset-backed notes ‘AAAsf’; Outlook Stable; –$43,766,711 CAD class B asset-backed notes ‘Asf’; Outlook Stable; –$19,451,872 CAD class C asset-backed notes ‘BBB+sf’; Outlook Stable. KEY RATING DRIVERS High Collateral Quality: The underlying collateral characteristics play a vital role in the performance of a credit card ABS transaction. Fitch closely exa
Source: BusinessWire-Primary

Fitch Rates Golden Credit Card Trust, Series 2016-1; Outlook Stable