|
|
 |
|
Viewing report
|
|
|
|
Australian Securitisation Term Market Quarterly Issuance Roundup - First Quarter 2003 Apr 03
Standard & Poors, April 2003
Abstract
In the first quarter of 2003, Standard & Poor's assigned ratings to 31 domestic and offshore term Australian asset-backed transactions. This represents an increase of 72% on the number of transactions rated in the first quarter of 2002, and an increase of 41% on the number of transactions rated in the fourth quarter of 2002. Issuance volume for the first quarter 2003 was A$10.5 billion (US$6.3 billion), representing a 13.1% decrease on the volume of term securities issued in the first quarter of 2002, and an increase of 10.3% on the volume of term securities issued in the fourth quarter of 2002. The volume of securities issued continues its long-term growth trend, with first quarter 2002 issuance being unusually high...
Companies mentioned in this report are: National Australia Bank Ltd.,Commonwealth Bank of Australia,Australian Mortgage Securities Ltd.,Citigroup Pty Ltd.,Bank of Queensland Ltd.,St.George Bank Ltd.,Challenger Mortgage Management Pty Ltd.,Members Equity Bank Pty Ltd.,ABN AMRO Bank N.V. (Australian Branch),Greater Building Society 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.
|
|
|
|
