Commentary
Impact of COVID-19 on Canadian Credit Card ABS
Consumer Loans & Credit CardsSummary
This commentary details the impact of the Coronavirus Disease (COVID-19) on the expected losses, payment rates, and yield of Canadian credit card asset-backed security (ABS) transactions and its potential impact on our ratings. A deterioration in performance is expected for each transaction based on a moderate macroeconomic scenario for unemployment and GDP through 2022.
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