|
|
 |
|
Viewing report
|
|
|
|
Asset-Backed Commercial Paper Market Moves Toward the New Millennium in 1Q99 Jun 99
Standard & Poors, June 1999
Abstract
The asset-backed commercial paper market continued to grow during the first quarter of 1999, with average commercial paper outstanding for partially enhanced programs increasing from $309.8 billion in the fourth quarter of 1998 to $330.6 billion in the first quarter of 1999. Additionally, aggregate commercial paper outstanding experienced a 4% quarter-to-quarter growth rate, increasing from $330.3 billion in December 1998 to $343.5 billion in March 1999. Furthermore, aggregate commercial paper outstanding as of March 1999 has experienced a 44% year-to-year growth rate from the March 1998 aggregate commercial paper outstanding of $239 billion. During the first quarter of 1999, Standard & Poor's assigned ratings to six new commercial paper programs, all of which were multiseller programs. During the same time...
Companies mentioned in this report are: Windmill Funding Corp.,ABN AMRO Bank N.V.
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.
|
|
|
|
