NEW YORK, October 23 (Fitch) Fitch Ratings views Toronto-Dominion's (TD, 'AA-/F1+') announced agreement to purchase Target Corporation's (Target) U.S. credit card portfolio as neutral to TD's ratings. In Fitch's view, the transaction is consistent with the bank's expansion strategy in the U.S. and offers TD exposure to the customer base of a well-established U.S. retailer. The acquisition is also viewed as manageable relative to TD's overall capital base and banking franchise.