Reuters: Bankruptcy News: TEXT-Fitch:U.S. bankruptcy filings to drop 4%-5% in 2012

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

TEXT-Fitch:U.S. bankruptcy filings to drop 4%-5% in 2012 Apr 3rd 2012, 11:03 Tue Apr 3, 2012 7:03am EDT Apr 03 - Although it will be difficult to top 2011, bankruptcy filings will continue to drop to the tune of an added 4% to 5% before the year is out, according to Fitch Ratings in a new report. The first three months of 2012 are helping to support that projection, with bankruptcies tracking roughly 8%-10% below last year. That said, the pace of improvement for bankruptcy filings figures to level off as banks begin to loosen underwriting standards and grant more consumers access to larger credit lines. Nonetheless, the overall improvement Fitch is projecting means continued stability for credit card ABS performance. Fitch expects credit card ABS chargeoffs to remain below 6% well into third quarter-2012 (3Q'12). The effect of decreased bankruptcy filings on credit card ABS collateral has remained very positive. Notably, credit card delinquencies and chargeoffs fell dramatically last year. Overall losses fell below 6% in 4Q'11, 35% better than 4Q'10. 'Bankruptcy Filings to Recede Further' is available at 'www.fitchratings.com' or by clicking on the below link.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions