JPMorgan is adding $1.35 billion in new credit-card receivables to its revolving Chase Issuance Trust (CHAIT) securitization platform.

Standard & Poor’s on Thursday assigned an expected ‘AAA’ rating on the Class A (2016-5) series of C seven-year notes, the only tranche in the issuance. The notes will carry an interest rate of 1.27% and supported by 14% credit enhancement – a level in line with Chase’s four previous receivables-backed issuances in 2016, according to S&P.

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