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European ABS Activity Expected To Accelerate In Second Half Of Year Product Image

European ABS Activity Expected To Accelerate In Second Half Of Year

  • ID: 1722487
  • August 2005
  • Region: Europe
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Abstract
The overall European ABS market continues to mature in the main areas of credit cards, autos, and leases. While total issuance for the first half of this year has been down on the same period a year earlier, the number of transactions was unchanged. Despite the weaker start to 2005 than in previous years, the pipeline of transactions looks set to be strong for the rest of the year for most of the major European ABS sectors. We therefore expect some recovery in the 12-month figures for 2005. Growth should also continue to come from new geographical areas, particularly Eastern Europe, Turkey, Russia, and Scandinavia. Already in the first half of 2005, we have seen 11 transactions in South Africa,...

Companies mentioned in this report are: Jump S.r.l.

Note: Product cover images may vary from those shown

Jump S.r.l.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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