Sears, Roebuck & Co. is leaving the door open to securitize in the fourth quarter, and despite the recent exodus of other retail credit card issuers out of the sector, the company is committed to the business and will continue to issue, a source close to the company said.

The retail credit card issuer is taking an "opportunistic" approach to funding this quarter, and is open to the idea of completing a securitization if market conditions continue to improve, the source said.

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