The preliminary rating assigned to Synchrony Card Issuance Trust's (SYNIT's) SynchronySeries class A(2022-2) notes reflects: Our view that the 26.00% credit support for the class A notes is sufficient to withstand the simultaneous rating stresses we apply to our 8.25% base-case loss rate, 15.75% base-case payment rate, and 21.00% base-case yield assumptions for the credit card receivables backing the notes, as well as our stressed purchase rate, notes interest rate, and excess spread assumptions (see S&P Global Ratings' Assumptions below); Our expectation of the periodic interest payments and the full principal repayments made by the notes' final maturity date under stressed cash flow modeling scenarios using assumptions commensurate with the assigned preliminary rating; Our expectation that under a moderate ('BBB')