European ABS Activity Expected To Accelerate In Second Half Of Year
- ID: 1722487
- August 2005
- Region: Europe
- Standard & Poors
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Research Type: Commentary
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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.