Fitch Rates MBNA CCMNT $250MM Class C (2006-3) Notes 'BBB+'.
NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch assigns a rating of 'BBB+' to the $250 million class C notes issued by the MBNA MBNA Monument Builders of North America
MBNA Mercedes-Benz North America
MBNA Maryland Bank, National Association
MBNA Maryland Bank North America
MBNA Mount Baker Nurses Association (Bellingham, Washington) Credit Card Master Note Trust through the MBNAseries. The class C (2006-3) notes have a floating-rate coupon of one-month LIBOR LIBOR
See: London Interbank Offered Rate
See London interbank offered rate (LIBOR). plus 0.29% per year payable monthly with an expected maturity date of May 16, 2011. The MBNA Credit Card Master Note Trust is a Delaware statutory business trust that has been structured to allow maximum flexibility in issuance, as well as ERISA See Employee Retirement Income Security Act.
See Employee Retirement Income Security Act (ERISA). eligibility for all classes of notes. On June 30, 2005, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corporation announced an agreement to purchase credit card issuer MBNA Corporation; the merger was completed on Jan 1, 2006. E[acute accent acute accent
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.
b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.
c. ]The notes issued by MBNA Credit Card Master Note Trust are secured by a collateral certificate issued by MBNA Master Credit Card Trust II, as well as certain trust accounts held by the indenture trustee and any applicable derivative agreements. The collateral certificate represents an undivided interest undivided interest n. title to real property held by two or more persons without specifying the interests of each party by percentage or description of a portion of the real estate. in the assets of MBNA Master Credit Card Trust II. MBNA Master Credit Card Trust II consists of receivables generated from American Express and Visa and MasterCard credit card accounts originated by MBNA America Bank, N.A. MBNA America Bank, N.A. has transferred the receivables to MBNA Master Credit Card Trust II, with MBNA America Bank, N.A. acting as servicer. MBNA America Bank, N.A. will also be responsible for managing MBNA Credit Card Master Note Trust. E[acute accent]The rating reflects the credit quality of the collateral certificate, which is based on the quality of the receivables that make up MBNA Master Credit Card Trust II, the required credit enhancement Credit Enhancement
A method whereby a company attempts to improve its debt or credit worthiness.
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