Quality | 2012.11.20
Fitch: U.S. Credit Card Trends Signaling Bottom in Asset Quality Metrics
NEW YORK--(BUSINESS WIRE)--Net charge-offs in the U.S. credit card sector could fall modestly in the fourth quarter of 2012 (4Q\'12), but Fitch Ratings expects loss metrics to begin to rise in 2013 given recent stability-to-modest deterioration in issuer delinquency rates. Excluding Capital One Financial, whose metrics have been impacted by recent acquisition activity, average delinquencies of 30 days or more were 2.17% for the top issuers in the U.S. in 3Q\'12, which was flat with the prior quart
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