...Credit card performance deteriorated across all five metrics in August, as tracked by Moody's Credit Card Credit Indices, wh ich tracks over $### billion of U.S. Bank credit card loans backing securities rate d by Moody's. The charge-off rate index continued to climb in August #### and is all but certain to surpass the peak rates following the previous recessions. Moody' s continues to have a negative outlook on the sector and believes that deterior ation will continue into and throughout ####.Amid a stubborn, worldwide economic crisis and worsening collateral performance, the U.S. credit card industry is bracing for an exceptionally challenging period. Although the balan ce sheet strength and liquidity of the sector's largest credit card issuers re mains quite strong, the uncertainty and tempo of the turmoil will test even the stalwarts' ability to adapt. ...

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 Moody's Global Credit Research
Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.