The preliminary 'AAA (sf)' rating assigned to Capital One Multi-Asset Execution Trust's (COMET's) card series class A(2022-2) notes reflects: Our view of the 21.0% credit support provided by the subordinated class B, C, and D notes, which we believe is sufficient to withstand the simultaneous stresses we apply to our 5.5% base-case loss rate, 20.0% base-case payment rate, 18.0% base-case yield, and 2.0% purchase rate assumptions for the credit card receivables backing the notes. In addition, we used stressed excess spread and note interest rate assumptions to assess whether, in our view, sufficient credit support is available for the notes. All of these stress assumptions are based on our current criteria and assumptions (for more information, see "U.S. Credit Card