CORRECTED-(OFFICIAL)-TEXT-Moody's on Advanta 2007-A

Mon Jul 21, 2008 10:47pm BST
[-] Text [+]
 (In April 22 release, Moody's corrects rating of Advanta
2007-A Class B notes to "A3.")
 (The following statement was released by the rating agency)
 Up to $7 Million of Asset-Backed Securities Rated.
 April 22 - Moody's Investors Service assigned a definitive
rating of A3 to the up to $7,000,000 privately placed Series
2007-A Class B notes issued from the Advanta Business Card
Master Trust (the "Trust").
The complete ratings action was as follows:
Issuer: Advanta Business Card Master Trust, Series 2007-A
Up to approximately $7,000,000 Class B notes, rated A3
Wen V. Zhang, an Assistant Vice President in Moody's Structured
Finance Group, said the rating is based on the credit quality
of the underlying pool of credit card receivables, the
transaction's structural protections and the capability of the
servicer, Advanta Bank Corp., which is an unrated, wholly-owned
subsidiary of Advanta Corp.
The assets of the Trust are a pool of MasterCard and, to a
limited extent, Visa receivables generated on business purpose
credit cards. Some of the benefits of the card include
additional cards for company employees at no additional fee,
detailed expense reports, ability to earn rewards and access to
valuable products offered by alliance partners. Advanta began
originating this product in 1994 and has steadily grown the
portfolio to its current size of over $6.0 billion in
receivables.
For more information please see www.moodys.com.
 (New York Ratings Team)


 
 
by Name by Symbol