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 January 2013 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 Index: Movers & Shakers-U.S. (Q4 2012)' (Jan. 22, 2013);
--' 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 Years On)
U.S. Credit Card ABS Stress Test
Global Credit Card ABS Rating Criteria
Credit Card Index: Movers & Shakers ￢ﾀﾓ U.S. (Q4 2012)