Fitch Publishes 'U.S. Credit Card ABS Tear Sheet' with January 2015 Performance Data

NEW YORK--()--Link to Fitch Ratings' Report: U.S. Credit Card ABS Tear Sheet
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=861946

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 2015 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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Contacts

Fitch Ratings
Primary Analyst
Jenny Ovalle, +1-212-908-0849
Associate Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Steven Stubbs, +1-212-908-0676
Senior Director
or
Media Relations, New York
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Jenny Ovalle, +1-212-908-0849
Associate Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Steven Stubbs, +1-212-908-0676
Senior Director
or
Media Relations, New York
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com