Fitch Publishes 'U.S. Credit Card ABS Tear Sheet' with August 2014 Performance Data

Fitch Ratings has published its latest monthly 'U.S. Credit Card ABS Tear Sheet'. This edition shows Fitch's break-even stress scenarios for the largest credit card issuers using August 2014 performance data.

The break-even runs are based on the 12- and three-month average performance for each trust, using the current one-month LIBOR rate for the LIBOR assumption. It allows investors to compare trust performance with the same baseline.

The report also contains the following:

--Credit Card Performance Metrics Summary for Prime Portfolio;

--Issuance Ratings Summary;

--Issuance Trust Credit Enhancement Summary;

--Issuance Trust Enhancement Summary;

--Issuance Trust Comparison data;

--Credit Enhancement Changes history summary; and

--Break-even Multiples comparison summary.

'U.S. Credit Card ABS Tear Sheet' is available on the Fitch Ratings web site at 'www.fitchratings.com' under the following headers or by clicking on the above link:

Structured Finance then ABS then Special Report

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Global Credit Card ABS Rating Criteria' (May 2014);

--'U.S. Credit Card ABS Stress Test,' (June 18, 2012);

--'Credit Card Index: Movers & Shakers - U.S.' (April 2014).

Applicable Criteria and Related Research: U.S. Credit Card ABS Tear Sheet

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=777868

Global Credit Card ABS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=748920

U.S. Credit Card ABS Stress Test

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681456

Credit Card Index: Movers & Shakers - U.S. (1Q14)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=746951

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