Eagle Credit Card Trust, Series 2020-1 - Presale Report

DBRS Limited (DBRS Morningstar) assigned provisional ratings to the Credit Card Receivables-Backed Notes, Series 2020-1 to be issued by Eagle Credit Card Trust (the Trust) as follows:

-- AAA (sf) to the Credit Card Receivables-Backed Class A Notes, Series 2020-1 (the Class A Notes)
-- A (sf) to the Credit Card Receivables-Backed Class B Notes, Series 2020-1 (the Class B Notes)
-- BBB (sf) to the Credit Card Receivables-Backed Class C Notes, Series 2020-1 (the Class C Notes; collectively with the Class A Notes and Class B Notes, the Notes)