...On May 11, 2012, Standard & Poor's Ratings Services raised its ratings on four classes and affirmed its ratings on 60 classes of asset-backed securities (ABS) collateralized by credit card receivables serviced and originated by six originators /seven issuers of cobranded and retail credit card ABS (for more information, see "Four Ratings Raised, 60 Affirmed On Seven U.S. Private-Label Card ABS Issuers," published May 11, 2012, and the list in tables 2 and 3). The rating actions concluded our recent review of each of the credit card ABS transactions that we rate from the six originators/seven issuers of U.S. cobranded and retail credit card ABS. We updated our base-case assumptions and stresses to the key performance variables used in our cash flow modeling when assigning and monitoring ratings on credit card ABS (yield, charge-off rate, and payment rate; see table 1). The collateral performance of credit card receivables backing each of these credit card ABS transactions has stabilized...