DBRS Morningstar Discontinues 1st Financial Credit Card Master Note Trust III, Series 2015-I

DBRS, Inc. (DBRS Morningstar ) discontinued the outstanding ratings of AAA (sf), AA (high) (sf), A (high) (sf), and BBB (high) (sf) on the Series 2015-I Notes, Class A, Class B, Class C, and Class D, respectively, issued by 1st Financial Credit Card Master Note Trust III, Series 2015-1 due to repayment.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies & Criteria.

The rated entity or its related entities did not participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

Please see attached appendix for additional information regarding sensitivity of assumptions used in the rating process.

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