CDOs Are Fastest-Growing Asset Class in European Structured Finance Market Aug 01
Standard & Poors, August 2001
Abstract
NEW YORK (Standard & Poor's) Aug. 8, 2001--Standard & Poor's today announced that collateralized debt obligations (CDOs) are the fastest-growing asset class in the European structured finance market. In addition, the number of European CDO transactions continues to grow, underscoring the depth to which the European market has embraced this asset class, according to a report published today. Unlike its U.S. counterpart, the European CDO market has been principally driven by balance-sheet transactions rather than arbitrage transactions due to the limited availability of European high-yield collateral. Nonetheless, the three arbitrage CDO transactions completed in the first half of this year-- Panther CDO 1 B.V., Duchess 1 CDO SA, and Mayfair Euro CDO 1 B.V.--contained a range of assets, including European...
Companies mentioned in this report are: Panther CDO I B.V.,Duchess I CDO S.A.,Mayfair Euro CDO I B.V.
Action: S&P Event
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Panther CDO I B.V.,Duchess I CDO S.A.,Mayfair Euro CDO I B.V.
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