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

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published its monthly 'U.S. Credit Card ABS Tear Sheet'. This report shows Fitch's break-even stress scenarios for the largest credit card issuers using August 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.

Applicable 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=690434

Global Credit Card ABS Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681533
U.S. Credit Card ABS Stress Test
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681456
Credit Card Movers & Shakers (U.S.)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675072
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

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