Europe's primary securitization market woke up from its summer lull with the pricing of an RMBS deal and two new credit card securitizations that are in the market today.

Moody's Investors Service said today that it has assigned provisional ratings to the 'Aaa (sf)' £1.15 billion ($1.8 billion) credit card deal issued from Barclays Capital's Gracechurch Card Program Funding. The Series 2011-4's floating rate structure will come due in 2016.   Series 2011-4 is the seventh issuance of the Gracechurch trust and Barclays' medium-term note program and the 19th transaction backed by credit card receivables from the bank's Gracechurch Receivables Trust.

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