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	<title>Credit Card News &#187; fitch</title>
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		<title>Credit Card Asset Quality Deteriorating</title>
		<link>http://www.credit-card-news.us/2008/06/27/credit-card-asset-quality-deterioration-continuing/</link>
		<comments>http://www.credit-card-news.us/2008/06/27/credit-card-asset-quality-deterioration-continuing/#comments</comments>
		<pubDate>Fri, 27 Jun 2008 08:40:27 +0000</pubDate>
		<dc:creator>CreditAce</dc:creator>
				<category><![CDATA[Credit Card News]]></category>
		<category><![CDATA[Credit Rating]]></category>
		<category><![CDATA[credit decline]]></category>
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		<description><![CDATA[NEW YORK — Fitch Ratings said today that as we approach the midpoint of 2008, a weakened U.S. economy continues to exert pressure on the consumer, as observed through the continued deterioration of credit card portfolio performance. Issuer credit losses have approached, and in some cases surpassed, five-year historical averages and many management teams are [...]]]></description>
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