Delinquencies in U.K. credit card trusts hit a new high in December 2008, according to Fitch Ratings.

The rating agency reported that delinquencies of 60 to 180 days increased through 4Q08 to 4.3% in December from 3.8% in September 2008. This marks a historical high for the index and reflects many more consumers struggling to make regular payments on their credit cards in recent months.

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.