New York, April 13, 2015 -- Moody's announced today that the execution of (1) the Seventh Amendment to the Pooling and Servicing Agreement among American Express Receivables Financing Corporation II, American Express Receivables Financing Corporation III LLC, American Express Receivables Financing Corporation IV LLC, American Express Travel Related Services Company, Inc. and The Bank of New York Mellon, (2) the Fifth Amendment to the Receivables Purchase Agreement between American Express Bank, FSB, and American Express Receivables Financing Corporation IV LLC, and (3) the Fifth Amendment to the Receivables Purchase Agreement between American Express Centurion Bank and American Express Receivables Financing Corporation III LLC on 13 April 2015 would not, in and of themselves and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by the American Express Credit Account Master Trust and the related American Express Credit Account Secured Note Trusts (together, the Trust).

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