Q3 2019 Canadian Credit Card Performance Index
DBRS Limited (DBRS Morningstar) published the Canadian Credit Card Performance Index (the Index) for Q3 2019. The Index is now available in Excel format as well as in the regular PDF. All key performance metrics tracked by DBRS Morningstar remained stable over the last quarter.The payment rate averaged 46.6% over Q3 2019, up from 45.9% in the previous quarter and up from 45.6% in Q3 2018.
Gross yield averaged 23.7% in Q3 2019, in line with the previous quarter and slightly above an average of 23.4% a year ago.
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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