New York, August 23, 2013 -- Moody's Investors Service announced today that the delays in the commencement of the accumulation periods described in the Notices of Delay in Commencement of Accumulation Periods for each of the Discover Card Master Trust I (DCMT) and Discover Card Execution Note Trust (DCENT, and together with DCMT, the Trusts), executed on August 23, 2013 (the Accumulation Delays), in and of themselves and at this time, will not result in a reduction, withdrawal, or placement under review for possible downgrade of the ratings currently assigned to any class or tranche of outstanding notes issued by DCENT, or certificates issued by DCMT (together, the Outstanding Transactions).

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