The market saw further downgrades in U.K. credit card securitizations. According to data published by Barclays Capital, portfolio yields have increased in all U.K. credit card trusts in March, on average to 19.20% from 18.69%.
Charge-offs rose as well, to 7.84% from 7.24%. The March index does not include the Arran trust, its investor report was not available from public sources at the time when Barclays wrote the report. The performance figures are therefore not entirely comparable with the previous months figures.