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Date of Release: 2009-11-20

Glacier Credit Card Trust

DBRS Discontinues Ratings of Glacier Credit Card Trust, Series 2004-1

DBRS has today discontinued the ratings of the Asset-Backed Senior Notes, Series 2004-1 and Asset-Backed Subordinated Notes, Series 2004-1 (collectively, the Notes) issued by Glacier Credit Card Trust as the Notes were fully repaid on November 20, 2009.

Note:
The applicable methodology is DBRS Criteria for Canadian Credit Card Securitization, which can be found on our website under Methodologies.

This is a Structured Finance rating.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

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Ratings

Issuer Debt Rated Rating Action Rating Trend Notes Published
Glacier Credit Card Trust Asset-Backed Senior Notes, Series 2004-1 Disc.-Repaid Discontinued -- 20 Nov 2009
Glacier Credit Card Trust Asset-Backed Subordinated Notes, Series 2004-1 Disc.-Repaid Discontinued -- 20 Nov 2009

ALL DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES AND METHODOLOGIES.