Research And Markets Research And Markets

U.S. Commercial Paper Outlook: Recent Gains To Continue Jul 05

  • ID: 1790956
  • July 2005
  • Region: United States
  • Standard & Poors
1 of 3


  • Albertson's Inc.
  • Cinergy Corp.
  • Dow Jones & Co. Inc.
  • Exelon Corp.
  • Halliburton Co.
  • Macy's Inc.
  • MORE

[Editor's Note: This article, originally published July 14, 2005, is being republished to clarify in Table 4 the amounts of commercial paper listed.] After a prolonged hiatus, U.S. commercial paper outstanding is expected to maintain its rebound as interest rates rise and the demand for funding increases. Total commercial paper outstanding rose 9.7% last year and is expected to climb 9.3% this year, after three down years. Growth will be recorded in both the financial and nonfinancial segments this year, with the latter posting stronger gains albeit from a lower base. Outstandings in financial commercial paper are mostly driven by requirements for bank lending. In the nonfinancial commercial paper segment, however, conditions appear to be ripe for a reversal of...

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.

Note: Product cover images may vary from those shown
2 of 3

- Albertson's Inc.
- Beam Suntory Inc.
- CSX Corp.
- Commonwealth Edison Co.
- Cooper Tire & Rubber Co.
- Dow Jones & Co. Inc.
- Duke Energy Corp.
- Eaton Corp.
- EQT Corp.
- Macy's Inc.
- Ford Motor Co.
- Motors Liquidation Co. (fka General Motors Corp.)
- Halliburton Co.
- Kraft Heinz Foods Company
- Kerr-McGee Corp.
- Knight Ridder Inc.
- Kroger Co.
- May Department Stores Co.
- Bank of America Corp.
- ONEOK Inc.
- Freeport Minerals Corp.
- PECO Energy Co.
- Safeway Inc.
- Sears, Roebuck and Co.
- Asahi Glass Co. Ltd.
- Dixie Pipeline Co.
- Government Development Bank for Puerto Rico
- Fifth Third Bancorp
- Temple-Inland Inc.
- Questar Corp.
- CBS Corp.
- Toshiba Corp.
- Eastman Chemical Co.
- Cinergy Corp.
- Integrys Energy Group Inc.
- Spectra Energy Capital LLC
- Exelon Corp.
- Exelon Generation Co. LLC
- MeadWestvaco Corp.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown