The Metris Companies saw two classes of its Metris Master Trust upgraded by Moody's Investors Service today, upon the completion of its previously announced defeasement of its series 2001-4 transaction. As of June 28, Moody's reports, $372.9 million of 2001-4 class A notes, as well as $66.29 million of 2001-4 class B notes have had cash equaling 101% of par value set aside in a segregated trust account and were subsequently upgraded to 'Aaa'.

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