Moody's assigns provisional ratings to CARDS II Trust Series 2013-1 Notes
Toronto, January 10, 2013 -- Moody's Investors Service has assigned provisional ratings to the Fixed Rate Class A and Fixed Rate Class B Series 2013-1 Notes (the "Series 2013-1 Notes") issued by CARDS II Trust. The Trust holds co-ownership interests in credit card receivables backed by a pool of approximately $13.4 billion in receivables originated and serviced by Canadian Imperial Bank of Commerce ("CIBC", Aa2 on review for downgrade/P-1).
