04.06.2015 23:29:00
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Moody's publishes updated US card ABS assumptions following revised banking methodology
New York, June 04, 2015 -- Following the recent assignment of counterparty risk assessments (CR Assessments) to the US credit card trusts bank sponsors, Moody's has updated the summary of its assumptions and analytical outputs for US trusts with outstanding ratings. Moody's now uses the sponsor's CR Assessment, which the rating agency introduced for banks as part of its revised bank rating methodology on 16 March 2015, rather than the sponsor's senior unsecured debt rating to measure the probability that it will shut down its credit card portfolio.