Purple Master Credit Cards, Note Series 2020-1: Presale Report

DBRS Morningstar assigned a AAA (sf) provisional rating to the Class A2020-1 Notes expected to be issued by Purple Master Credit Cards. The transaction's portfolio consists of receivables from the drawings made by individuals revolving credit card agreements originated and serviced by BPCE Financement (formerly Natixis Financement) in France. For insight beyond the rating, see the presale report.