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European Securitization Market Weathers Global Economic Downturn in First Quarter 2001 Apr 01 Product Image

European Securitization Market Weathers Global Economic Downturn in First Quarter 2001 Apr 01

  • Published: April 2001
  • Region: Global, Europe
  • Standard & Poors

FEATURED COMPANIES

  • Bank of Scotland PLC
  • Ireland (Republic of)
  • Multicanal S.A.
  • Portugal (Republic of)
  • Spain (Kingdom of)
  • MORE

Abstract
Despite the global economic downturn of recent months triggered by plunging stock markets and flagging Japanese and U.S. economies, the European securitization market has weathered the volatile climate, with volumes ending a hefty 60% higher at $29.9 billion compared with $18.7 billion in the same quarter of 2000. Kurt Sampson, managing director at Standard & Poor's Structured Finance Ratings group in London said this strong first quarter performance puts the European asset-backed market well en route to achieving at least a 20% year-end growth target. "It's been an impressive first quarter and the depth of the pipeline for the coming months should see us reach the year's end at least 20% higher," he said. "Investor appetite also remains strong, which...

Companies mentioned in this report are:
- Sweden (Kingdom of) (Unsolicited Ratings)
- Bank of Scotland PLC
- France (Republic of) (Unsolicited Ratings)
- Japan (Unsolicited Ratings)
- United Kingdom (Unsolicited Ratings)
- Spain (Kingdom of)
- Germany (Federal Republic of) (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
- Swiss Confederation (Unsolicited Ratings)
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- Sweden (Kingdom of) (Unsolicited Ratings)
- Bank of Scotland PLC
- France (Republic of) (Unsolicited Ratings)
- Japan (Unsolicited Ratings)
- United Kingdom (Unsolicited Ratings)
- Spain (Kingdom of)
- Germany (Federal Republic of) (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
- Swiss Confederation (Unsolicited Ratings)
- Ireland (Republic of)
- Netherlands (The) (State of) (Unsolicited Ratings)
- Portugal (Republic of)
- Turkey (Republic of) (Unsolicited Ratings)
- Northern Rock (Asset Management) PLC
- Multicanal S.A.
- Rheinische Hypothekenbank AG
- Equity Release Funding (No.1) PLC

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