American Express is in the market with a $864 million credit card securitization from the bank's American Express Credit Account Master Trust Series 2011-2.
Moody's Investors Service has assigned a 'Aaa(sf)' rating to the senior Class A floating-rate certificates and a 'A2(sf)' rating to the mezzanine Class B floating-rate certificates.
The rating agency has also assigned a 'Baa2(sf)' rating to the floating-rate secured notes (Class 1) issued by the related American Express Credit Account Secured Note Trust 2011-2.
