Adverse financial market conditions may significantly affect Credco’s ability to meet liquidity needs, access to capital and cost of capital.
Difficult conditions in the business and economic environment, as well as political conditions in the United States and elsewhere, may materially adversely affect Credco’s business and results of operations.
Adverse currency fluctuations and foreign exchange controls could decrease the revenue Credco receives from its international operations.
The risk management policies and procedures of American Express, Credco and the card issuers may not be effective.
Credco is an indirect wholly owned subsidiary of American Express and any arrangements or agreements between the two entities may have different terms than would have been negotiated by independent, unrelated parties.
Credco and its subsidiaries are dependent on the card issuers that generate receivables.
Ongoing legal proceedings regarding provisions in American Express’ merchant contracts could have a material adverse effect on its business and result in additional litigation and/or arbitrations, substantial monetary damages and damage to American Express’ reputation and brand.