...Fitch Ratings downgrades all CARDS and CARDS II class C notes to `BB' from `BBB-', with Outlook Negative, and changes the Outlook on the class B notes to Negative from Stable. For the ninth month in a row, the Fitch 60-180 Day Delinquency Index increased, moving to its highest ever historical value in May 2009. The Fitch Charge-off Index reached its third consecutive monthly historical high value in May. The Fitch Yield Index registered an increase in May, while the Fitch Monthly Payment Rate Index dropped slightly, with the Fitch Excess Spread Index also falling, for the second month in a row. Monthly Highlights...
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