TEXT-S&P Rts Amex Credit Acct Secured Nt 2012-4 Cl 1 Nts 'AA- (sf)'

-- American Express Credit Account Secured Note Trust 2012-4's note issuance is an ABS securitization backed by payments received by the owner trust relating to the collateral interest in American Express Credit Account Master Trust's (Amex CAMT's) series 2012-4 transaction. The collateral interest is collateralized by a pool of receivables in Amex CAMT, which are generated by American Express credit card accounts and Pay Over Time revolving credit accounts that are owned by American Express Cen