May 25, 2017 / 2:05 PM / 3 months ago

BRIEF-Fitch says U.S. credit card losses likely to continue upward trend

May 25 (Reuters) - Fitch :

* Fitch says U.S. credit card losses likely to continue upward trend

* Fitch says U.S. credit card loss rates likely to continue rising over next several qtrs driven by more pronounced increase in delinquencies

* Fitch says, although not widely anticipated, increase in unemployment claims could further "exacerbate" upward trend in U.S. credit card loss rates

* Fitch on U.S. credit card losses says higher loss provisions are likely to "remain a challenge for profitability" this year Source text for Eikon:

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