AAA Credit Card ABS Stand Up To Consumer Woes

19 Feb 2009

The performance of top-tier credit card asset-backed securitizations is expected to withstand mounting pressures despite deteriorating consumer credit conditions, according to bank research analysts.

-- Leela Parker

The performance of top-tier credit card asset-backed securitizations is expected to withstand mounting pressures despite deteriorating consumer credit conditions, according to bank research analysts. JPMorgan expects charge-offs to rise, but not to the point that AAAs would experience losses, said an analyst at the bank. “We ...

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