Fitch Rates Discover's Unsecured Debt Issuance 'BBB'; Outlook Negative

NEW YORK--(Business Wire)--
Fitch Ratings has assigned a 'BBB' rating to Discover Financial Services'
10-year $400 million issuance of 10.25% unsecured debt. The Rating Outlook is
Negative. Proceeds from the issuance will be used for general corporate
purposes.

Fitch assigns the following with a Negative Outlook:

Discover Financial Services

--Senior unsecured debt 'BBB'.

Fitch's rating definitions and the terms of use of such ratings are available on
the agency's public site, www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times. Fitch's code of
conduct, confidentiality, conflicts of interest, affiliate firewall, compliance
and other relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Meghan Crowe, CFA, 212-908-9121
Christopher D. Wolfe, 212-908-0771
Brian Bertsch, 212-908-0549 (Media Relations)
brian.bertsch@fitchratings.com

Copyright Business Wire 2009