New ABS supply on the way post-S&P changes
The shadow cast by the introduction of Standard & Poor’s new ratings criteria this week is lifting. Some market participants say that with this out of the way, the pace of primary ABS issuance could increase in the months ahead.
"We did not want to announce anything before the S&P changes came through," said Tom Ranger, head of structured funding at Santander.
"We knew our programmes would be OK, but we didnt know how the wider market would react, so it made sense to announce the mandate after
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