01.06.2015 21:59:00
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Moody's: Nordstrom's planned sale of credit card receivables to TD Bank has no immediate impact on Nordstrom card ABS
New York, June 01, 2015 -- Nordstrom, Inc.'sMay 26, 2015 announcement that it entered into an agreement to sell its existing US Visa and private-label consumer credit card portfolio, which currently totals approximately $2.2 billion in receivables, to TD Bank Group has no immediate impact on the rating of notes issued by the Nordstrom Credit Card Master Note Trust II, sponsored by Nordstrom fsb (unrated), a bank subsidiary of Nordstrom, Inc. (Baa1/stable).