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DUFF & PHELPS: CITIBANK ASSET-BACKED RATINGS REAFFIRMED

 CHICAGO, March 15 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed over $5 billion of outstanding asset-backed securities backed by credit card receivables. The following 13 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 1989-1 AAA
 Euro Credit Card Trust 1989-2 AAA
 Euro Credit Card Trust 1990-1 AAA
 National Credit Card Trust 1989-2 AAA
 National Credit Card Trust 1989-4 AAA
 National Credit Card Trust 1989-5
 Class A AAA
 Class B AA
 Standard Credit Card Trust 1990-1
 Class A AAA
 Class B AA
 Standard Credit Card Trust 1990-3
 Class A AAA
 Class B AA
 Standard Credit Card Trust 1990-4
 Class A AAA
 Class B AA
 The addition of new accounts and receivables to these trusts will increase the total amount of receivables outstanding. 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 January 1993, Citibank (Nevada) and Citibank (South Dakota) (the sellers) underwriting procedures, Citibank (South Dakota) servicing 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- 03/15/93
 /CONTACT : Laura M. Ladewski, 312-368-3186, or Paula B. Henton, 312-368-3147, both of Duff & Phelps/
 (CCI)


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

AH -- NY080 -- 6175 03/15/93 15:57 EST
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Publication:PR Newswire
Date:Mar 15, 1993
Words:271
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