More NewsEuropean ABS Market Set to Defy H1 2002 Flat Growth

European ABS Market Set to Defy H1 2002 Flat Growth

Despite a relatively flat performance to date in 2002, the European securitization market is expected to grow by 20% by the year’s end, buoyed by continuing strong investor appetite, according to Kurt Sampson, managing director of Standard & Poor’s Structured Finance Ratings group in Europe. Speaking at the annual global ABS conference in Barcelona, Sampson said that investors are still attracted to ABS because of their relatively strong performance vis-à-vis other sectors. ‘The asset-backed market continues to perform well despite the recent economic downturn,’ he said. ‘Most of the recent downgrades have been in the CDO sector as a result of corporate volatility and the rating movements were relatively small compared with other sectors.’ Volumes from January to mid-June stand at $44.0 billion compared with $48.7 billion over the same period last year. A total of 87 transactions closed versus 94 in 2001. Sampson added that issuance has dipped because some large-scale transactions have been delayed until the second half, and so a robust pipeline should put the market back on track to meet year-end growth expectations.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha