TEXT-S&P: losses, delinquencies were unchanged in Nov. Canadian CCQ

Mon Jan 7, 2013 10:09am EST

Jan 7 - The charge-off and 30-plus-day delinquency rates in Standard &
Poor's Ratings Services' Canadian Credit Card Quality Index (Canadian CCQI) were
unchanged at 3.8% and 2.4%, respectively, in November as the Canadian
unemployment rate declined to 7.2% from 7.4%. However, the payment rate, yield,
and excess spread each decreased modestly to 36.0%, 21.4%, and 13.6%,
respectively, from 39.0%, 21.8%, and 13.8% in October.

We published "Canadian Credit Card Quality Index Report: Charge-Off And 
Delinquency Rates Were Stable In November 2012," on Jan. 3, 2013, on 
RatingsDirect on the Global Credit Portal at www.globalcreditportal.com.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.