OREANDA-NEWS. Fitch Ratings has assigned the following rating to Chase Issuance Trust, class A(2016-5):

--$1,350,000,000 class A(2016-5) 'AAAsf'; Outlook Stable.

Fitch's ratings are based on the underlying receivables pool, available credit enhancement, Chase Bank USA's underwriting and servicing capabilities, and the transaction's legal and cash flow structures, which employ early redemption triggers.