Fitch Rates American Express Credit Account Master Trust, Series 2012-4

  Fitch Rates American Express Credit Account Master Trust, Series 2012-4

Business Wire

NEW YORK -- November 08, 2012

Fitch Ratings assigns the following ratings to American Express Credit Account
Master Trust's asset-backed certificates, series 2012-4:

--$975,000,000 class A floating rate 'AAAsf'; Outlook Stable;

--$70,910,000 class B floating rate 'A+sf'; Outlook Stable.

Fitch's ratings are based on the underlying receivables pool, available credit
enhancement, American Express Centurion Bank and American Express Bank, FSB's
underwriting, American Express Travel Related Services Company, Inc.'s
servicing capabilities, and the transaction's legal and cash flow structures,
which employ early amortization triggers.

Additional information is available at 'www.fitchratings.com'. The ratings
above were solicited by, or on behalf of, the issuer, and therefore, Fitch has
been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Credit Card ABS Rating Criteria' (June 22, 2012);

--'Global Structured Finance Rating Criteria' (June 6, 2012).

Applicable Criteria and Related Research:

Global Credit Card ABS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681533

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

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Contact:

Fitch Ratings
Primary Analyst
Steven Stubbs
Senior Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
steven.stubbs@fitchratings.com
or
Secondary Analyst
Jared Kirsch
Analyst
jared.kirsch@fitchratings.com
or
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Tracy Wan
Senior Director
tracey.wan@fitchratings.com
or
Media Relations
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sandro.scenga@fitchratings.com
 
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