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Asset Securitization Expands in a Volatile Economic Environment Jun 01
Standard & Poors, June 2001
Abstract
Volatility has been the name of the game over the past year and, as a result, asset securitization markets have had to navigate through some choppy waters. From deflation of the speculative stock market bubble in the U.S. to soaring junk bond yields, high energy prices, a sinking euro, a disputed presidential election, and rising then falling interest rates, there has been no shortage of adjustments. 'Overall, it's an environment that has been providing both risk and opportunity, but through it all, structured finance markets continue to show remarkable adaptation and resilience,' said Patrice Jordan, managing director for global ABS at Standard & Poor's. It is not surprising, therefore, to see investors and issuers embrace this financial tool like never...
Companies mentioned in this report are: Deutsche Bank AG,JPMorgan Chase Bank N.A.,Credit Suisse First Boston,Japan (Unsolicited Ratings),Germany (Federal Republic of) (Unsolicited Ratings),Italy (Republic of) (Unsolicited Ratings),Mexico,Lehman Brothers Bankhaus AG,Hongkong Electric Co. Ltd.,Promise Co. Ltd.,Telecom Italia SpA,Korea (Republic of),Argentina (Republic of) (Unsolicited Ratings),Punch Taverns Finance PLC,Asia Global Crossing Ltd.
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.
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