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2Q 2001 Partially Enhanced ABCP Market Overview Nov 01
Standard & Poors, Nov 2001
Abstract
The asset-backed commercial paper (ABCP) market experienced moderate growth during the second quarter of 2001. Aggregate commercial paper outstanding displayed a 2.01% quarter-to-quarter growth rate, increasing to $538.0 billion in June 2001, from $527.4 billion at the end of March 2001. Furthermore, aggregate commercial paper outstanding as of June 2001, showed a notable 17.19% year-to-year growth rate from the June 2000 aggregate commercial paper outstanding of $459.1 billion. During the second quarter of 2001, Standard & Poor's assigned ratings to eight new commercial paper programs, including four multiseller programs, three single-seller programs, and one loan-backed program as shown in table 1. During the same time period, 326 new sellers entered existing conduits as compared with the 276 new sellers that...
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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