DBRS 2019 Outlook: Credit Card Industry Charges Ahead with Healthy Consumer Fundamentals
DBRS, Inc. (DBRS) published a commentary titled “DBRS 2019 Outlook: Credit Card Industry Charges Ahead with Healthy Consumer Fundamentals”.DBRS’s 2019 outlook for U.S. credit card companies is stable. Card issuers are likely to benefit from sound consumer spending anchored by the healthy labor market, growing wages, and solid household balance sheets. Secular trends that favor credit card issuers are likely to continue. Credit losses are expected to rise at a gradual pace, but remain very manageable. Continued healthy consumer confidence is a key underpinning for these favorable trends.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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