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Fitch: US Credit Card ABS to Withstand Potential Rate Rise

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NEW YORK--(BUSINESS WIRE)--U.S. credit card ABS metrics will remain in record territory near term despite the potential for interest rate rises as early as September, Fitch Ratings says. We expect our prime indices to remain at record levels this month. Both chargeoffs and delinquency rates are expected to be steady, with slight improvement in chargeoffs for the month. The monthly payment rate (MPR), a measure of how quickly cardholders pay back their balances, is expected to rise, while gross

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