Fitch Assigns Outlooks to $313B US Credit Card ABS

Fitch Ratings has launched Rating Outlooks for $313 billion of outstanding U.S. credit card ABS from 22 master and issuance trusts. Fitch has assigned Stable Outlooks to all tranches within 51 classes of credit card ABS, and Negative Outlooks for all tranches within four classes. Fitch’s forecast takes into account continued deterioration in overall economic conditions, including rising unemployment and increasing personal bankruptcy filings.

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