| Title: | Summary: Discover Financial Services Inc. |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services' ratings on Discover Financial Services Inc. (Discover) reflect the firm's new status as a stand-alone entity. Discover was spun off from Morgan Stanley on June 30, 2007. The ratings are driven by Discover's distinct brand identity and generally improving credit risk management. Offsetting these positives are Discover's monoline business nature and the intense sector competition, which lead to portfolio growth challenges. As the third-largest merchant card network in the U.S., Discover benefits from distinct brand identity, as only Discover and American Express both issue credit cards and process them on their own networks. Of these two, Discover is the only one with both credit and debit capabilities. This model offers a degree of diversification within |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Discover Financial Services Inc. Publication date: ##-Apr-#### Primary Credit Analyst: John K Bartko, C.P.A., New York (#) ###-###-####; john_bartko@standardandpoors.com Secondary Credit Analyst:... |
| Word Count: | 631 |
| Ticker: | DFS |
| Issuer: | Discover Financial Services Inc. |
| GICS: | Consumer Finance (40202010) |
| Sector: | Global Issuers, Structured Finance, Financial Institutions, Asset-Backed Securities |
| Country: | United States |
| Region: | United States |
| Format: | 
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