CARDS II Trust, Series 2021-1: Presale Report

DBRS Limited (DBRS Morningstar) assigned provisional ratings to the Credit Card Receivables-Backed Notes, Series 2021-1 to be issued by CARDS II Trust as follows:

-- AAA (sf) to the Credit Card Receivables-Backed Class A Notes, Series 2021-1 (the Class A Notes)
-- A (sf) to the Credit Card Receivables-Backed Class B Notes, Series 2021-1 (the Class B Notes)
-- BBB (sf) to the Credit Card Receivables-Backed Class C Notes, Series 2021-1 (the Class C Notes)