American Express is marketing $571.43 million of notes backed by prime credit card receivables, according to Fitch Ratings.

The American Express Credit Account Master Trust, Series 2015-1 will issue three tranches of notes with preliminary ratings from Fitch: $500 million of notes that benefit from credit support of 12.5% are rated ‘AAA’ ;$15.71 million of notes  with credit support of 9.75% are rated ‘A+’; and $37.14 million of notes with credit support of 3.25%  are rated ‘BBB+’.

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