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Retail/private label credit cards: Abridged research by Jeff Salmon and Juliet Jones of Barclays Capital

Retailers and private label card issuers have increased issuance of ABS transactions in 2000 as corporate bond spreads in many retail names widened considerably in the second half. The challenging retail environment, downward revisions to earnings estimates by major retailers, and the potential for a slowdown of the US...

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