Analysts Scale Back Credit Card ABS Issuance Views

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00030272-analysts-scale-back-credit-card-abs-issua/

By Nancy Leinfuss, Reuters

Consolidation in the credit card supported asset-backed securities industry is expected to result in a sharp decline in issuance, analysts said Thursday.

Credit card ABS issuance dropped 16 percent in the first half of the year, according to Standard & Poor’s, amid a rapid wave of consolidation.

S&P lowered its issuance forecast for credit card ABS to $50 billion in 2005 from earlier forecasts of $69 billion.

For this complete story, please visit Analysts Scale Back Credit Card ABS Issuance Views.

Analysts Scale Back Credit Card ABS Issuance Views

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