- Language: English
- Published: October 2011
- Region: United States
Funding Agreement-Backed Note Issuance Totals $11.65 Billion For First Quarter of 2007 Apr 07
- Published: April 2007
- Standard & Poors
Standard & Poor's Ratings Services rated $11.65 billion of funding agreement-backed notes in the first quarter of 2007. This total constitutes an increase of 36% versus the fourth-quarter of 2006, and 50% versus the first quarter of 2006, respectively. The $11.65 billion that was issued this past quarter is the third-highest quarterly total ever, surpassed only by the $11.83 billion issued in first-quarter 2005 and the $11.71 billion issued in second-quarter 2004 (see Chart 1). First-quarter 2007 also saw the highest monthly total of rated issuance when, in January, Standard & Poor's rated $6.17 billion in funding agreement backed notes. This brings the total funding agreement/guaranteed investment contract-backed medium-term note and certificate issuance rated by Standard & Poor's since 1997...
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Research Type: Commentary
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