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3Q 2001 Partially Enhanced ABCP Market Overview Mar 02
Standard & Poors, March 2002
Abstract
The asset-backed commercial paper (ABCP) market experienced moderate growth during the third quarter of 2001. The average amount of commercial paper outstanding during the first three quarters of 2001 at $541.4 billion exceeds the average amount of commercial paper outstanding during the first two quarters of 2001 ($530.9 billion) by 1.98%. Furthermore, the average amount of commercial paper outstanding during the first three quarters of 2001 displayed a remarkable 20.3% year-to-year growth rate from the average amount of commercial paper outstanding during the first three quarters of 2000 ($450.0 billion). During the third quarter of 2001, Standard & Poor's assigned ratings to five new commercial paper programs, including four multiseller programs and one single-seller program as shown in table 1....
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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