Issuance of asset-backed securities supported by credit card receivables should rise in 2005 from last year, according to a survey of U.S. credit card ABS issuers from Standard & Poor’s Ratings Services.
The survey showed 2005 issuance could reach $68 billion, a 30 percent increase over 2004 and on a par with 2003′s level, Standard & Poor’s said in a statement on Wednesday.
For this complete story, please visit US Credit Card ABS Issuance to Rise in 2005.
