Credit Cards Looking Rough, Pressuring ABS

Collateral performance on U.S. bank credit card loans will likely get worse before it gets better and the deteriorating performance will put downward ratings pressure on some outstanding credit card asset-backed securities, according to a report from Moody’s Investors Service.

  • 09 Jun 2008

-- Leo Shvartsman

Collateral performance on U.S. bank credit card loans will likely get worse before it gets better and the deteriorating performance will put downward ratings pressure on some outstanding credit card asset-backed securities, according to a report from Moody’s Investors Service. Ratings pressure will be higher on ...

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