NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: U.S. Credit Card ABS Tear Sheet
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=816488
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 October 2014 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' (August 2014);
--'U.S. Credit Card ABS Stress Test,' (June 2012);
--'Credit Card Index: Movers & Shakers - U.S.' (April 2014).
Applicable Criteria and Related Research:
Global Credit Card ABS Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=748920
U.S. Credit Card ABS Stress Test
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681456
Credit Card Index: Movers & Shakers -- U.S. (1Q14)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=746951
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