Cyprus Internet Directory Jobs In Cyprus
  Cyprus Internet Directory Search       
Google Search
  
Cyprus Internet Directory Search
  
Cyprus Comming Events    Cyprus 
Events 
   
Cyprus News Articles    Cyprus News 
and Articles
   
Cyprus Guide    e Guide
to Cyprus
  
Quick Links


By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
Read More

SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
Read More

By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
Read More

  
Cyprus Internet Directory [ Deterioration in UK credit card sector in next months ]

Deterioration in UK credit card sector in next months

Deterioration in UK credit card sector in next months
November 13, 2008

Moody's Investors Service reported in its UK Credit Card Index Report for September that the ABS sector will witness a deterioration over the next coming months despite relatively stable credit card indicators.
"In light of the recent increase in delinquencies, Moody's expects a further rise in delinquencies and subsequent charge-offs over the coming months, albeit the magnitude of the increase is difficult to predict" said Elise Lucotte and Virginie Marraud des Grottes, analysts at Moody's and co-authors of the report. Moody's further noted a significant increase in insolvencies.
They go on to point out: "Given these industry forecasts, it is still to be seen whether the originators will be able to avoid a deterioration in performance in their trusts." Customers' future behaviour in the current environment remains uncertain.
Moody's continues to have a negative outlook on the UK credit card sector. This view is primarily driven by the UK economy being within a whisker of a technical recession, increasing costs of living, decreased availability of credit and highly leveraged borrowers. Moody's is closely monitoring the performance of each UK trust, speaking regularly to originators and requesting additional data in order to better understand the potential performance of each portfolio.


(Source: Financial Mirror, http://www.financialmirror.com/News/Cyprus_and_World_News/12632)



Article Options

Email to a friend Email To A Friend     Print Article Print Article     Add Article To Favorites Add Article To Favorites




  

Other Related Articles


Cyprus News Article Submission

If you have an article and you wish to submit it to our database please send us an email. In your email subject quote "Article Submission" and attach the article to the email. To email us Click Here

Cyprus Holiday Villas-Investment Properties

A wide range of holiday villas, investment properties, building plots and apartments in Cyprus for sale by owner. Save money on your holiday villa in Cyprus and enjoy the holiday feeling for ever.