In an action that was criticized by some credit card experts as overly harsh, Standard & Poor's Ratings Group has revised its long-term outlook on MBNA Corp. to "negative" from "stable."

The rapid growth in the Newark, Del.-based company's receivables without a corresponding increase in capital to offset any decline in face value precipitated the new outlook, S&P said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.