S&P Asgn Bank One Issuance Tr A,2002-3, Nts Prelm Rtg.Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
Sept. 13, 2002-- Standard & Poor's Ratings Services Ratings Service
A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. today assigned as·sign
tr.v. as·signed, as·sign·ing, as·signs
1. To set apart for a particular purpose; designate: assigned a day for the inspection.
2. its preliminary triple-'A' rating to Bank One Issuance Trust's $500 million ONEseries class A(2002-3) notes.
The preliminary rating is based on information as of Sept. 13, 2002. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating.
The preliminary rating reflects the experience of First USA Bank N.A. Wilmington Wilmington.
1 City (1990 pop. 71,529), seat of New Castle co., NE Del., on the Delaware River and tributary streams, the Christina and the Brandywine; settled 1638, inc. as a city 1832. (single-'A'-plus/'A-1') as originator Originator
A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting , administrator, and servicer; the strong and stable portfolio performance of First USA Credit Card Master Trust; the satisfaction of current issuance tests; and the sound structural and legal provisions.
As of the issuance date of the class A(2002-3) notes, the aggregate adjusted outstanding dollar principal amount of the ONEseries will be approximately $3.25 billion, including a previous issuance of class B and C notes. This is the third class A issuance out of this program.
A copy of Standard & Poor's complete presale pre·sale
1. The period before something, such as a work of art, is available for sale to the public.
2. An exclusive or private sale held before an advertised sale. report for this transaction is available on RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. The report is also available on Standard & Poor's Ratings Services Web site at www.standardandpoors.com/ratings. Under Presale Reports, select Structured Finance, then Asset-Backed Securities Asset-backed security
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
A debt security collateralized by specific assets. .
Copyright 2002, Standard & Poor's Ratings Services