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CITIBANK ASSET-BACKED RATINGS REAFFIRMED BY DUFF & PHELPS

 CHICAGO, March 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed over $3.9 billion of outstanding asset-backed securities backed by credit card receivables. The following seven rating reaffirmations come as a result of lump sum additions of additional credit card accounts and the receivables balances to the following trusts: The reaffirmed ratings are as follows:
 ISSUE: RATING:
 Euro Credit Card Trust 1990-2 AAA
 Standard Credit Card Trust 1990-5
 Class A AAA
 Class B AA
 Standard Credit Card Trust 1990-6
 Class A AAA
 Class B AA
 Standard Credit Card Trust 1990-8
 Class A AAA
 Class B AA
 In order to maintain each trust's seller participation amount above the required amount, Citibank added new accounts and receivables to these trusts. The reaffirmations for each individual trust are based on an analysis of the additional accounts and receivables added to each trust, the current receivables pool, the performance of each trust through February 1993, the sellers'(Citibank (Nevada) and Citibank (South Dakota)) underwriting procedures, the servicer's (Citibank (South Dakota)) procedures, the legal structure of each issue, and each trust's outstanding credit enhancement. These ratings are continuously monitored by Duff & Phelps Credit Rating Co. For current performance statistics for these issues, please call Paula B. Henton at 312-368-3147.
 -0- 3/30/93
 /CONTACT: Laura M. Ladewski, 312-368-3186, or Paula B. Henton, 312-368-3147, both of Duff & Phelps Credit Rating Co./


CO: Citibank ST: New York IN: FIN SU: RTG

SM -- NY079 -- 9726 03/30/93 16:01 EST
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Publication:PR Newswire
Date:Mar 30, 1993
Words:244
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