Golden Credit Card Trust, Series 2018-1: Presale Report

DBRS Limited (DBRS) assigned the following provisional ratings to the Credit Card Receivables-Backed Notes, Series 2018-1 (the Notes) to be issued by Golden Credit Card Trust (the Trust):

-- AAA (sf) to the Credit Card Receivables-Backed Class A Notes, Series 2018-1
-- A (high) (sf) to the Credit Card Receivables-Backed Class B Notes, Series 2018-1
-- BBB (high) (sf) to the Credit Card Receivables-Backed Class C Notes, Series 2018-1

The Class A Notes are denominated in U.S. dollars, while the Class B and Class C Notes are in Canadian dollars. A cross-currency swap is expected to be in place for the Class A Notes.