In a rarity for the bank credit card sector, Moody's Investors Service last week placed several B-class notes of multiple deals from People's Bank on review for possible downgrade.

Since the early 1990's there have been no Moody's-downgraded bank card deals, and only a small handful of deals put on review.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.