S&P Report Warns On Credit Card Debt

Barnett, Chip
December 2001
Bond Buyer;12/28/2001, Vol. 338 Issue 31293, p2
Trade Publication
Reports on the pressure exerted on U.S. credit companies by increase in charge-off rates due to recession and unemployment according to the U.S. rating agency Standard & Poor's Corp.'s chief economist David Wyss. Factors for the increased pressure; Impact of the cut in the federal funds rate by the Federal Reserve Board.


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