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Fitch Rates Discover Card Execution Note Trust, Class A 2013-1 and 2013-2; Outlook Stable



  Fitch Rates Discover Card Execution Note Trust, Class A 2013-1 and 2013-2;
  Outlook Stable

Business Wire

NEW YORK -- February 13, 2013

Fitch rates Discover Card Execution Note Trust, class A (2013-1) and class A
(2013-2) as follows:

--$800,000,000 class A (2013-1) 'AAAsf'; Outlook Stable;

--$900,000,000 class A (2013-2) 'AAAsf'; Outlook Stable.

The presale reports are available to all investors on Fitch's website at
'www.fitchratings.com'. For more information about Fitch's comprehensive
subscription service FitchResearch, which includes all presale reports,
surveillance, and credit reports on more than 20 asset classes, contact
product sales at +1-212-908-0800 or at 'webmaster@fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

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 Structured Finance Rating Criteria

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

Global Credit Card ABS Rating Criteria

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

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PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
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DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
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COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contact:

Fitch Ratings
Primary Analyst
Lauren Tierney, +1-212-908-9168
Associate Director
Fitch Inc.
One State Street Plaza
New York, NY 10004
or
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Steven Stubbs, +1-212-908-0676
Senior Director
or
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sandro.scenga@fitchratings.com
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