S&P: Why U.S. Consumer Credit Defaults Declined in February 2011

Why U.S. Consumer Credit Defaults Declined in February 2011 (00:07:05 min)

While high unemployment and rising energy prices remain a concern, U.S. consumer credit default rates fell in February, according to the most recent S&P/Experian Consumer Credit Default Indices. This improvement has been a general trend since early 2010, as the indices fell from last year’s levels. In this podcast, Standard & Poor's Senior Director Erkan Erturk discusses what's behind the drop in defaults.

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