Fitch Rates Discover Card Execution Note Trust, Class A (2010-E); Outlook Stable

NEW YORK--()--Fitch Ratings assigns the following rating to Discover Card Execution Note Trust, class A (2010-E):

--Variable funding notes with purchase commitment of $500,000,000 class A (2010-E) 'AAAsf'; Outlook Stable.

This series was originally issued on Dec. 21, 2010. 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'. 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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Fitch Inc.
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Lauren Tierney, +1-212-908-9168
Associate Director
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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Contacts

Fitch Inc.
Primary Analyst
Lauren Tierney, +1-212-908-9168
Associate Director
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Steven Stubbs, +1-212-908-0676
Senior Director
or
Media Relations
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com