Synchrony Bank, formerly GE Capital Retail Bank, is prepping its second credit card securitization of the year.

The $659.722 million Synchrony Credit Card Master Note Trust (Series 2015-2) will issue four tranches of three-year notes: $500 million of class A notes with credit support of 28% are rated triple-A by Standard & Poor's and Fitch Ratings; $48.61 million of class B notes with 21% credit support are rated ‘AA+’/'AA'; $41.67 million of class C notes with credit support of 15% are rated single-A; and $69.44 million of class D notes with credit support of 5% are rated ‘BBB+’ by S&P. 

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