...For the sixth month in a row, the Fitch 60-180 Day Delinquency Index increased, moving to its highest ever historical value in February 2009. Having dropped slightly in January 2009, the Fitch Charge-off Index reported an increase again in February, with all but the Cumbernauld trust reporting month- on-month increases in charge-offs. While the Fitch Yield Index registered a month-on-month fall overall in February 2009, only half the trusts included in the Index reported a drop in yield from January 2009. Following a slight increase in January 2009, the Fitch Monthly Payment Rate Index fell once again in February, with all the trusts included in the Index reporting month-on-month drops in MPR (except the CARDS I trust, which remained unchanged). Monthly Highlights...
