S&P: February 2011 Credit Card Quality Index: What’s Behind The Mixed Performance
Standard & Poor’s February 2011 Credit Card Quality Index: What’s Behind The Mixed Performance (00:08:24 min) Standard & Poor’s monthly credit card quality index (CCQI) aggregates pools of credit card receivables since 1992. For February, the CCQI reported an increase in credit card defaults and a continued decline in receivables balance. In this podcast, Standard & Poor’s Director Ildiko Szilank discusses what’s behind the credit card loss rate, stronger credit quality, the decline in credit card receivables, credit card lending practices, and Americans’ spending patterns observed during the month. Listen