Quality | 2009.09.03
Fitch Publishes Credit Card Movers & Shakers with July 2009 Performance
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published \'Credit Card Movers & Shakers\' containing July 2009 performance results. U.S. consumer credit quality showed signs of life as credit card asset-backed securities (ABS) chargeoffs declined 24 basis points (bps) to 10.55%, snapping a string of five consecutive record highs, according to Fitch\'s latest Credit Card Index results. The improvement comes as delinquencies stabilized further and other credit card ABS performance variables exhibit
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