Abstract: We look at the performance of credit cards within ABS trusts and how revolving credit levels have historically responded to rises in credit card defaults.

Brief Excerpt: Credit Card Performance - Another Straw for the Camel's Back Credit card debt has grown by roughly $50 billion a year for the past three years. This rise in debt has coincided, though is not necessarily the result of new bankruptcy...

Report Type: Strategy Article
Source: CreditSights Inc
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 CreditSights
CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.