As U.S. consumer credit soars to all time highs, and as credit card lenders face waves of competition that threaten base rates and card fees, the market may see changing yields in the credit industry that may affect the pricing of credit card-backed ABS deals going forward, according to analysts.

However, Bonnie Lee Tillen, an ABS analyst at Standards & Poor's, said ratings agencies, such as S&P, have already factored in industry changes when rating credit-backed deals, which should minimize yield-related impact on pricing.

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.