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Fitch Issues Presale Report on Household Affinity Credit Card Master Note Trust I, Series 2003-3 Asset-Backed Notes
Business Wire, August 13, 2003
Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 13, 2003
Fitch Issues Presale Report on Household Affinity Credit Card Master Note Trust I, Series 2003-3 Asset-Backed Notes
Fitch Ratings has issued a presale report outlining its rating analysis for Household Affinity Credit Card Master Note Trust I, series 2003-3. Series 2003-3, a $1 billion dollar three-year floating-rate credit card transaction is expected to be rated 'AAA/A/BBB' by Fitch. The expected ratings are based on the underlying quality of the collateral pool; available credit enhancement; Household Bank (SB), N.A.'s underwriting capabilities; Household Finance Corporation's servicing expertise; and the transaction's sound legal and cash flow structures.
The presale report is available to all investors on Fitch's corporate web site 'www.fitchratings.com' or by contacting Sara Grohl at 1-212-908-0564 or via e-mail, 'sara.grohl@fitchratings.com'.
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