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STANDARD CREDIT CARD MASTER TRUST $74 MILLION 1993-1 CLASS B RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Aug. 11 /PRNewswire/ -- Standard Credit Card Master Trust Group One $74 million series 1993-1 class B certificates are rated 'A+' by Fitch. The 'AAA' ratings on series 1991-1 through 1991-6, 1992-2, and 1992-3 class A certificates and the 'A+' ratings on series 1991-1 through 1991-6 and 1992-1 through 1992-3 class B certificates are affirmed. The 'F-1+' rating on the McKenna Triangle National Corp. commercial paper notes also is affirmed. The affirmations indicate issuance of series 1993-1 will not adversely affect these ratings.
 Class B's rating reflects the quality of the receivables, the issuance terms for the series 1993-1 class A certificates, and 6 percent credit enhancement. Initially, credit enhancement is in the form of a letter of credit (LOC) provided by State Street Bank and Trust Co. Future cash collateral account deposits may be used to reduce the LOC amount provided that the combined amount of credit enhancement remains 6 percent. Credit enhancement is for the sole benefit of the class B certificateholders and represents almost 75 percent coverage of the class B invested amount.
 Concurrent with the issuance of class B, class A participation certificates will be issued from the master trust and backed by the master trust's receivables. The maximum class A amount will be $850 million. The class A certificates will be purchased by McKenna Triangle Corp. (McKenna) with proceeds of privately placed commercial paper notes issued by McKenna's subsidiary, McKenna Triangle National Corp. Class B is subordinate to class A, providing 8 percent credit enhancement.
 Class A's certificate rate will float to equal McKenna's financing costs. An interest rate cap provided by Credit Lyonnais limits the master trust's exposure to class A's certificate rate. Class B's 5.5 percent coupon is payable on the 7th of February and August beginning Feb. 7, 1994.
 Class B will begin to receive principal payments after the class A invested amount is paid in full. Class A's scheduled amortization will begin after a 36-month revolving period. Based on the controlled amortization schedule, the class A invested amount should be repaid by Aug. 7, 1997. Class B is expected to be repaid by Sept. 7, 1997.
 Finance charge and principal collection for series 1993-1 will be shared with the other series in group one of the master trust, similar to previously issued series.
 The sellers are Citibank (South Dakota), N.A. and Citibank (Nevada), N.A. The aggregate amount of receivables currently in the trust is over $14.5 billion. Citibank (South Dakota), which is an excellent servicer, is responsible for servicing and making collections on the receivables. Citibank services approximately $30 billion in credit card receivables.
 -0- 8/11/93
 /CONTACT: David R. Howard, 212-908-0677, or Gracen Fraser, 212-908-0520, both of Fitch/


CO: Standard Credit Card Master Trust Group One ST: New York IN: FIN SU: RTG

SM -- NY077 -- 1763 08/11/93 14:45 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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