Research Recap submits:
The performance of US credit card asset-backed securities continued to deteriorate in August, but Standard and Poor’s does not expect defaults to exceed “historical parameters.” As measured by Standard & Poor’s Ratings Services’ US bankcard Credit Card Quality Index ((CCQI)) , charge-offs rose 40 basis points (bps) in August 2008, while the total payment rate declined 60 bps. Complete Story »
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