TEXT-S&P: losses, delinquencies were unchanged in Nov. Canadian CCQ
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.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Putin critic Khodorkovsky in Germany after pardon |
- Target probe eyes overseas hackers; stolen cards for sale online
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- New York Mayor-elect's reputation for lateness parodied on Twitter