The ABCP Paper Trail - Newsletter - 2008/05/21 - Fitch Research

Report title: The ABCP Paper Trail

from Fitch Research
7 page (4341 word) report published May 21, 2008

Price $275.00 available for immediate download

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...By Kevin Corrigan and Michael Dean Despite some indications of improving conditions, navigating the U.S. asset- backed commercial paper (ABCP) marke tcontinues to prove difficult. Since year-end ####, marke tparticipants have contended with many of the same issues plaguing this corn er of the asset- backed securities market since last summer. By the middle of May, U.S. ABCP outstandings had declined to $### billion, down ##% from year-end #### an d ##% from the July #### peak. The declines continue to be attributable to the termination and unwinding of SIVs ...

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