New York, August 16, 2016 -- Moody's Investors Service announced today that the execution of Supplement No. 1 to Series 2015-1 Indenture Supplement (the "Supplement") on 12 August 2016 would not, in and of itself and at this time, result in a downgrade or withdrawal of the ratings assigned to any class of outstanding notes issued by Synchrony Credit Card Master Note Trust.

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