Fitch Publishes 'U.S. Credit Card ABS Tear Sheet' with January 2013 Performance Data

NEW YORK--()--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

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=703191

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

U.S. Credit Card ABS Stress Test

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681456

Global Credit Card ABS Rating Criteria

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

Credit Card Index: Movers & Shakers ¬タモ U.S. (Q4 2012)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=699133

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 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.

Contacts

Fitch Ratings
Primary Analyst
Lauren Tierney, +1-212-908-9168
Associate Director
Fitch Ratings, Inc.
1 State Street Plaza
New York, NY 10004
or
Secondary Analyst
Steven Stubbs, +1-212-908-9676
Senior Director
or
Media Relations
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

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Contacts

Fitch Ratings
Primary Analyst
Lauren Tierney, +1-212-908-9168
Associate Director
Fitch Ratings, Inc.
1 State Street Plaza
New York, NY 10004
or
Secondary Analyst
Steven Stubbs, +1-212-908-9676
Senior Director
or
Media Relations
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com