Credit Rating Report

Glacier Credit Card Trust, Series 2020-1: Rating Report

Consumer Loans & Credit Cards

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional ratings on the following notes issued by Glacier Credit Card Trust:

-- AAA (sf) on the Credit Card Asset-Backed Senior Notes, Series 2020-1 (the Senior Notes)
-- A (sf) on the Credit Card Asset-Backed Subordinated Notes, Series 2020-1 (the Subordinated Notes; together, with the Senior Notes, the Notes)

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