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1st Financial Bank USA Consumer Finance Servicer Ranking Affirmed At ABOVE AVERAGE; Outlook Stable Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We affirmed our ABOVE AVERAGE ranking on 1st Financial Bank USA as a consumer finance servicer in the student credit card sector. Due to a decision to increase capital ratios over the last 18 months, 1st Financial reduced new account originations and credit line increases for existing cardholders. The affirmation reflects Standard & Poor's opinion of the company's seasoned management and staff, solid internal controls and risk management, thorough policies and procedures, and appropriate default management. NEW YORK (Standard & Poor's) Dec. 5, 2011--Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on 1st Financial Bank USA as a consumer finance servicer. The outlook for the ranking is stable. Our overall servicer ranking on the company is...
Companies mentioned in this report are: 1st Financial Bank USA
Action: Affirmed
Action: Outlook: Stable
Action: Servicer Ranking
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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