Moody's: Better asset quality will boost credit card profits

04/10/2012 | (free registration)

Moody's Investors Service predicts that credit card charge offs will drop this year to about 4.5%, a decline of 15% to 20%. Improving asset quality will likely help boost issuers' profits, Moody's said. Asset quality has improved as the job market strengthened, cardholders increased payments and issuers continued cleansing portfolios.

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