Continental adds volume to shrinking credit card ABS sector

Payment Card
By Jennifer Kang
22 Aug 2019

General purpose credit card issuer Continental Finance Company is returning to the ABS market with a $127m deal, adding volume to a sector that has experienced a considerable drop in issuance this year.

Morningstar Credit Ratings and Kroll Bond Rating Agency both assigned an A rating to the class ‘A’ notes and a triple-B rating to the class ‘B’ notes. This is the first time Kroll has rated a deal from Continental. For the ‘C’ tranche, Morningstar assigned a BB rating, ...

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