Losses drop for securitized pools.

NEW YORK--Moody's Investors Service said credit card losses in securitized asset pools fell sharply in June.

The chargeof rate in $60 billion of credit card securities tracked by Moody's fell to 5.25% from the record-high 6.36% in June 1992. The trend has been downward since July 1992.

Expressed as a quarterly average, 5.21% of outstandings were uncollectible in the second quarter, down from 6.07% in 1992.

The delinquency rate--loan balances at least 30 days overdue--averaged 5.29% in the second quarter, compared with 5.61% last year. The delinquencies have been declining since early 1991.

Last Wednesday, the American Bankers Association Reported a credit card delinquency rate among member banks--as a percentage of loans--of 2.63%. It was the third consecutive quarterly decline, to the lowest level since the 1990 third quarter.

Moody's senior analyst Edward Bankole attributed the improvements to the general economy. He said he does not expect chargeoffs to fall to pre-1990 levels because of higher levels of industry competition and personal bankruptcies.

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