Fitch U.S. ABS Chart of the Month: Personal Bankruptcies Fall

NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: U.S. ABS Chart of the Month

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=872574

Ongoing stability in the labor market has U.S. personal bankruptcy filings set for a fifth straight annual decline, according to Fitch Ratings in its latest U.S. ABS chart of the month.

Through the third quarter of this year, total bankruptcy filings are approximately 11% lower than the same period in 2014. If this pace of decline continues, personal bankruptcy filings are poised to register their lowest levels in eight years.

'Stability in the labor markets and consumer deleveraging continues to drive personal bankruptcy filings lower,' said Managing Director Michael Dean. The Conference Board Consumer Confidence Index rose for the second straight month, reaching 103 last month. These developments are buoying credit card ABS performance, with chargeoffs and delinquencies still at or near their record lows.

Fitch's U.S. ABS Chart of the Month offers succinct perspective of high level macroeconomic trends and how they impact the world of ABS. The chart is available at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available at www.fitchratings.com.

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Fitch Ratings
Michael Dean
Managing Director
+1-212-908-0556
Fitch Ratings, Inc., 33 Whitehall Street, New York, NY, 10004
or
Stephanie Lobaccaro
Analyst
+1-212-908-0769
or
Media Relations:
Sandro Scenga, +1 212-908-0278
[email protected]

Source: Fitch Ratings

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