|[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
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
U.S. Credit Card ABS Performance Charges On (The Credit Crisis Four
Global Credit Card ABS Rating Criteria
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.
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
[ InfoTech Spotlight's Homepage ]