TEXT-S&P says Target ratings unaffected by credit card sale

Oct 23 - Standard & Poor's Ratings Services said today that its ratings on Target Corp. (A+/Stable/A-1) are not affected by the company's recently announced sale of its credit card portfolio to TD Bank Group. Target expects to receive an amount equal to the gross value of the outstanding receivables at the time of closing of this transaction; Target had $5.9 billion in credit card receivables as of July 28, 2012.