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

TORONTO, Oct. 28 /CNW/ - Gloucester Credit Card Trust (the "Trust") announces that, on October 23, 2009, DBRS Limited ("DBRS") (i) downgraded the rating of the Series 2008-1 Class A Credit Card Receivables-Backed Notes of the Trust from AAA to AA, (ii) confirmed the rating of the Series 2008-1 Collateral Credit Card Receivables-Backed Notes of the Trust at BBB, and (iii) removed the Series 2008-1 Credit Card Receivables-Backed Notes of the Trust from Under Review with Negative Implications, which is where such Notes were placed on April 3, 2009.

The Trust also announces that, on October 23, 2009, DBRS stated that the ratings of all other Series of Credit Card Receivables-Backed Notes of the Trust are unaffected by its October 23, 2009 rating action.

    
    The complete rating action is as follows:

    (i)    Gloucester Credit Card Trust Credit Card Receivables-Backed Notes,
           Series 2008-1, Class A - Downgraded - Current Rating - AA; and

    (ii)   Gloucester Credit Card Trust Credit Card Receivables-Backed Notes,
           Series 2008-1, Collateral - Confirmed - 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.

SOURCE GLOUCESTER CREDIT CARD TRUST

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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