Moody’s Raises Credit Card ABS Outlook to Stable as Charge-offs Decline
Posted on November 26, 2010 at 10:15 AM EST
Charge-offs on U.S. credit cards fell 11 basis points in October, finishing the month at 8.79%, according to Moody’s Investors Service Credit Card Indices Report. The charge-off rate is now more than 12% below its year-ago level, which was 10.04%. The continuing improvement in charge-offs follows the trend in the [...]