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TMCNet:  Fitch Publishes 'U.S. Credit Card ABS Tear Sheet' with October 2012 Performance Data

[November 21, 2012]

Fitch Publishes 'U.S. Credit Card ABS Tear Sheet' with October 2012 Performance Data

NEW YORK --(Business Wire)--

Fitch Ratings has published its monthly 'U.S. Credit Card ABS (News - Alert) Tear Sheet'. This report shows Fitch's break-even stress scenarios for the largest credit card issuers using October 2012 performance data. The break-even runs are based on the 12- and three-month average performance for each trust, using the current one-month LIBOR rate for the LIBOR assumption. It allows investors to compare trust performance with the same baseline.

This report also contains the following: a) Credit Card Performance Metrics Summary for Prime Portfolio; b) Issuance Ratings Summary; c) Issuance Trust Credit Enhancement Summary; d) Issuance Trust Enhancement Summary; e) Issuance Trust Comparison data; f) Credit Enhancement Changes history summary, and g) Break-even Multiples comparison summary.

'U.S. Credit Card ABS Tear Sheet' is available on the Fitch Ratings web site at 'www.fitchratings.com' under the following headers:

Structured Finance>> ABS >> Special Report

Additional information is available at 'www.fitchratings.com'.

Applcable Criteria and Related Research:

--'Global Credit Card ABS Rating Criteria' (June 22, 2012);

--'U.S. Credit Card ABS Stress Test,' (June 18, 2012);

--'Credit Card Movers & Shakers' (March 23, 2012);

--' U.S. Credit Card ABS Performance Charges On' (Nov. 4, 2011).

Applicable Criteria and Related Research: U.S. Credit Card ABS Tear Sheet

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=695328

U.S. Credit Card ABS Performance Charges On (The Credit Crisis Four Years On)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=654453

Global Credit Card ABS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=681533

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.


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