20.06.2016 19:07:00

Moody's: No ratings impact on American Express' card ABS following Costco account removal

New York, June 20, 2016 -- Moody's Investors Service announced today that the removal of the Costco co-brand portfolio constituting approximately 3,100,000 accounts from American Express Credit Account Master Trust (the Trust) on 17 June 2016 (the Removal) would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any outstanding series or class of securities issued by the Trust.

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