U.K. Credit Card ABS Outlook Worsens

11 Nov 2008

The U.K. credit card sector is expected to deteriorate over the coming months despite relatively stable indicators in a recent index for the product.

-- Olivia Thetgyi

The U.K. credit card sector is expected to deteriorate over the coming months despite relatively stable indicators in a recent index for the product. “In light of the recent increase in delinquencies, Moody’s expects a further rise in delinquencies and subsequent charge-offs over the coming months,” ...

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