S&P/Experian Consumer Credit Default Indices Show Composite Rate Lower In April 2019
The default rate for New York dropped eight basis points to 0.98%, while the rate for Dallas fell seven basis points to 0.87%. Los Angeles showed a default rate of 0.69%, down one basis point from last month. They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien. S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.