Gloucester Credit Card Trust - Recent Announcement by DBRS regarding the Series 2008-1 Credit Card Receivables-Backed Notes



    TORONTO, April 7 /CNW/ - Gloucester Credit Card Trust (the "Trust")
announces that, on April 3, 2009, DBRS Limited placed the Series 2008-1 Credit
Card Receivables-Backed Notes of the Trust under review with negative
implications.

    
    The complete rating action is as follows:

    (i) Gloucester Credit Card Trust Credit Card Receivables-Backed Notes,
    Series 2008-1, Class A - Under Review with Negative Implications -
    Current Rating - AAA; and

    (ii) Gloucester Credit Card Trust Credit Card Receivables-Backed Notes,
    Series 2008-1, Collateral - Under Review with Negative Implications -
    Current Rating - BBB.
    

    The Trust was established to purchase interests in credit card
receivables and related assets from MBNA Canada Bank and its affiliates on an
on-going basis.





For further information:

For further information: Reporters May Contact: Jackie Fitzgerald, Bank
of America Corporation, (980) 387-1144, Jackie.Fitzgerald@bankofamerica.com

Organization Profile

GLOUCESTER CREDIT CARD TRUST

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