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Yes, they have diversification and less vulnerability to the deteriorating credit environment.
Analysts had anticipated weakness in this portfolio, which had already showed signs of softness in 2000 and is now facing further pressure from today's deteriorating credit environment, according to David Berry, research analyst at Keefe, Bruyette & Woods.
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Southern Europe's deteriorating credit conditions also hurt banks' profitability.
He pointed to the deteriorating credit ratings of the two companies.
Finance: Kickstarter An index reveals deteriorating credit conditions for small businesses as delinquency rises and personal income growth slows.
A hard landing due to deteriorating credit conditions remains improbable.
Moreover, this would raise the risk of an adverse spiral of deteriorating credit quality and lower access to credit.
Nonetheless, analysts are worried about the bank's deteriorating credit trends, and its shares fell.
It also tells of mixed results from retailers and deteriorating credit quality in some districts.
"Fleet has been depressed because of concerns over deteriorating credit quality in the industry.
Deteriorating credit quality is a long-run concern for the investment-grade market.
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