Comenity Bank, formerly World Financial Network Bank, plans to issue $416.6 million credit card securitization deal backed by receivables from the issuer’s private-label credit card accounts, according to Fitch Ratings.

Fitch plans to rate the class A notes ‘AAA’; the class M notes ‘AA’; the class B notes ‘A+’; and the class C notes ‘BBB’. The class D notes will not be rated. The class A notes of series 2014-A will be publicly offered and the class M, B, C and D notes will be retained by the originator. The credit enhancement supporting class A notes totals 28.00%.

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