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S&P Credit Research3777 word report
published Aug 01, 2008
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$500.00 available for immediate download
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S&P Credit Research
| Abstract: | Now that the U.S. real estate bubble has burst and lenders are restricting access to home equity credit lines, consumers are pulling out their credit cards more frequently to cover their expenses. Credit card debt in the U.S. is growing faster today than in recent years, following historically low annual growth rates of about 3.3% between 2002 and 2006. It's no surprise that these recent increases have sparked concern about the potential impact on credit card asset-backed securities (ABS), especially in light of limited alternative funding sources, the weakening job market, a low savings rate, and high energy prices. At the same time, the rate of increase in credit card ABS issuance in the last 12-18 months has raised some
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| Brief Excerpt: | RESEARCH Ratings Definitions As Credit Card Use Increases, Issuers Take Actions To Manage Risk Publication date: 01-Aug-2008 Primary Credit Analysts: Vinayak Gurjar, New York (1) 212-438-4460; vinayak_gurjar@standardandpoors.com Ildiko...
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| Report Type: | Commentary
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Real Estate Companies, Residential MBS, Servicer Evaluations, Structured Finance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
