Link to Fitch Ratings' Report: Credit Card Index: Movers & Shakers - North America

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=876674

Another strong quarter resulted in U.S. credit card ABS losses finishing last year hovering near record lows once again, according to Fitch Ratings in its latest quarterly 'Movers & Shakers' index.

Credit card ABS losses again fell below the 3% mark in 4Q15, reaching as low as 2.47% in the October distribution period, this despite increases in chargeoffs. Losses ended the year approximately 4% lower from the 4Q'14 average of 2.63%. Credit card delinquencies rose slightly last quarter to 1% following a historical low of 0.96% in 3Q'15. Despite the blip, delinquencies were 6% lower than the same period last year.

Average monthly payment rates also remained within record-high territory last quarter, holding steady and averaging 27.45%. Fourth-quarter performance remained roughly 54% higher than the historical index average of 17.81%. 'Credit card holders remain controlled and proactive in paying down their debts,' said Director Herman Poon.

For the second straight quarter, credit Card ABS outstanding fell slightly, putting the current number at roughly $143 billion.

The U.S. Credit Card ABS Index is part of Fitch's series of structured finance index reports. The index reports are updated quarterly and are available at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available at www.fitchratings.com.

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