4969--3/30/2009--AMERICAN_EXPRESS_CREDIT

related topics

{capital, credit, financial}

{loss, insurance, financial}

{condition, economic, financial}

{operation, international, foreign}

{competitive, industry, competition}

Adverse capital and credit market conditions may significantly affect Credco s ability to meet liquidity needs, access to capital and cost of capital. Difficult conditions in the global capital markets and the economy generally may materially adversely affect Credco s business and results of operations, and Credco does not expect these conditions to improve in the near future. The impairment of other financial institutions could adversely affect Credco. Any reduction in Credco s credit ratings could increase the cost of its funding from and restrict Credco s access to the capital markets and have a material adverse effect on Credco s results of operations and financial condition. Adverse currency fluctuations and foreign exchange controls could decrease revenue Credco receives from its international operations. The risk management policies and procedures of Credco and the Card Issuers may not be effective. Credco and its subsidiaries are dependent on the Card Issuers that generate receivables.

Full 10-K form ▸

4969--3/30/2009--AMERICAN_EXPRESS_CREDIT_CORP