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

NEW YORK--()--Link to Fitch Ratings' Report: U.S. Credit Card ABS Tear Sheet

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=870298

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 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 then ABS then Special Report

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria

Global Credit Card ABS Rating Criteria (pub. 26 Jun 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867482

Related Research

Credit Card Index: Movers & Shakers -- North America

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=869001

U.S. Credit Card ABS Stress Test

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

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Contacts

Fitch Ratings
Primary Analyst
Jenny Ovalle
Associate Director
+1-212-908-0849
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Herman Poon
Director
+1-212-908-0847
or
Media Relations:
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Jenny Ovalle
Associate Director
+1-212-908-0849
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Herman Poon
Director
+1-212-908-0847
or
Media Relations:
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com