Card companies driving UK growth 'pushing up risk', says Moody's

By Graham Bippart
30 Apr 2015

New entrants into the UK’s credit card lending market are driving growth in the sector, but their pools are also riskier than those held by high street banks, according to Moody’s.

Credit card lending across all UK lenders grew 5.1% on an annualised basis in March, 1.1% higher than the growth in high street bank credit card lending.

Moody’s doesn’t rate any credit card ABS sponsored by ‘challenger’ entrants into the market, but the most recent transaction, NewDay ...

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