ABCP to return to growth, Fitch says

31 Mar 2010

The European ABCP market may start growing again after three years of falling issuance, said Fitch Ratings this week.

The agency said in its latest "ABCP Paper Trail" report that greater activity would be driven by increased investor enquiry and the restructuring of ABCP programmes.

Many of the European conduits that have been issuing paper have done so in the US market because of an attractive basis swap ...

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