Fitch Ratings has published the October 2008 edition of 'Credit Card Movers & Shakers'. In this edition, Fitch discussed the latest performance of its prime, subprime and retail index, as well as changes in some of the credit card trusts. As evidenced by increasing chargeoffs and lower yields, credit card performance continues to deteriorate across the prime, subprime and retail sectors as economic pressure on the U.S. Consumer continues to mount.
'Credit Card Movers & Shakers' is available on the Fitch Ratings web site at www.fitchratings.com under the following headers:
Structured Finance >> ABS >> Newsletters
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Contacts:
Cynthia Ullrich, 212-908-0609
Tracy Wan,
212-908-9171 (New York)
Media Relations:
Sandro Scenga,
212-908-0278 (New York)
sandro.scenga@fitchratings.com
