CHICAGO -- Duff & Phelps Credit Rating Co. recently assigned a long-term senior rating of triple-B-plus to First USA Inc. and First USA Financial Inc.
The rating agency also assigned a long-term senior rating of A-minus and a long-term subordinated rating of triple-B-plus to First USA Bank.
D&P noted First USA's "solid performance," the rapid growth of its credit card business, and reduction in the parent company's debt.