Posts Tagged ‘credit’

Credit Managers’ Index gives room for optimism

by Published: September 2,2010

Tags: credit, debt, economy, manufacturing, railroads, retail

Columbia, Md. — The trend in data this past week was hardly encouraging, resulting in another chorus of pronouncements regarding an imminent return to recession. The housing market remains in the doldrums, GDP numbers were revised down in reaction to the worsening trade deficit numbers and there was a decline in the markets. In the […] [...]

Report: State nearly leads nation in ‘financial distress’

by Published: August 27,2010

Tags: consumer spending, credit, debt, economy

ATLANTA — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 second quarter, and the news is not good for Mississippi. The index, a quarterly measure that tracks the financial condition of the average U.S. household, finds that high levels of unemployment and the strain of housing costs continue to keep consumers […] [...]

Credit card debt drops to eight-year low

NEW YORK — The amount consumers owed on their credit cards dropped to its lowest level in eight years, as cardholders continued to pay off balances in the uncertain economy. The average combined debt for bank-issued credit cards — those with a MasterCard or Visa logo — fell to $4,951 in the second quarter, down […] [...]

Latest CMI reflects ‘stuttering’ economy

by Published: August 3,2010

Tags: consumer spending, credit, debt, economy, factory orders

COLUMBIA, Md. — July’s Credit Managers’ Index (CMI) continued to show that the economy as a whole is stuttering. The overall index remains above 50, but not by much, and these levels have not been seen since late last year when the index was down to 52.9 in December. As recently as April, the combined […] [...]

Credit quality issues impact BancorpSouth

by Published: July 23,2010

Tags: banking and finance, credit, debt, mortgages, real estate

TUPELO— BancorpSouth Inc., during the quarter ended June 30, 2010, posted a net loss of $12.6 million, or $0.15 per diluted share, compared with net income of $33.9 million, or $0.41 per diluted share, for the second quarter of 2009. Aubrey Patterson, chairman and CEO of BancorpSouth, said, “The decline in BancorpSouth’s bottom-line results for […] [...]

ABA reports improved loan delinquencies

by Published: July 7,2010

Tags: banking and finance, credit, debt, loans

WASHINGTON – Consumer loan delinquencies showed broad-based improvement for the third quarter in a row, a sign of continued modest improvement in the U.S. economy, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 21 basis points to 2.98 percent of […] [...]

Credit Managers’ Index ‘slumping dramatically’

by Published: July 1,2010

Tags: credit




COLUMBIA, Md.—The slowdown in the economy over the past several weeks has been chronicled in a variety of ways: retail sales fell, the housing market sank to levels not seen in close to two years, the financial markets stumbled in reaction to one global threat after another and the Credit Managers’ Index (CMI) is slumping […] [...]

Fitch Ratings downgrades BP

NEW YORK — Fitch became the first credit ratings agency to downgrade BP, noting the extreme financial risks tied to the ongoing Gulf oil spill. “The company has so far repeatedly failed to stop the resultant oil leak and has instead reverted to containment methods that are yet to be fully implemented and are subject […] [...]

Fitch Ratings monitoring oil spill’s impact

by Published: June 2,2010

Tags: credit, offshore drilling, oil and gas, oil spill

NEW YORK — Fitch Ratings is closely tracking the aftermath of the massive oil spill related to the April 20, 2010, explosion of the Deepwater Horizon oil rig in the Gulf of Mexico, although analysts believe that speculation on the impact to credit quality for state and local governments in the region would be premature. […] [...]

CMI not spectacular, but steady

by Published: May 4,2010

Tags: credit, recession





COLUMBIA, Md. — The movement this month in the Credit Managers’ Index (CMI), issued by the National Association of Credit Management (NACM), was not spectacular, but was steady, which is good news in the context of the current economy. In the last few months, the bulk of the movement in the index was in indicators […] [...]

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