Fitch: U.S. ABCP Outstandings Expected to Increase Over Next 6 to 9 Months.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 18, 2003 Asset-Backed Commercial Paper (ABCP ABCP Asset-Backed Commercial Paper ABCP Associação Brasileira de Cimento Portland (Brazil) ABCP Associação Brasileira de Ciência Política ABCP American Board of Cardiovascular Perfusion ABCP Associate Business Continuity Planner ) outstandings are expected to increase over the next six to nine months as issuers restructure programs to comply with FIN 46 and turn their attention to originating new assets and ramping up outstandings, according to Fitch's latest edition of 'The ABCP Paper Trail,' a monthly digest of the rating and research activity of the firm's asset-backed commercial paper group. The U.S. ABCP market's share of all outstanding CP improved for the fifth consecutive month to 55.67% from 54.84%, reflecting the highest level recorded, as investors continue to find comfort in highly rated, collateralized, short-term investments. During the month of July, Fitch assigned an 'F1+' rating to the collateralized callable Callable Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. notes issued by CCN CCN Cloud Condensation Nuclei CCN Church Communication Network CCN Conseil Canadien des Normes (Standards Council of Canada) CCN Critical Care Nurse CCN Certified Clinical Nutritionist CCN Community Care Network CCN Cyclin (Bluegrass bluegrass, any species of the large and widely distributed genus Poa, chiefly range and pasture grasses of economic importance in temperate and cool regions. In general, bluegrasses are perennial with fine-leaved foliage that is bluish green in some species. I) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Fitch also issued 22 rating confirmations, the majority reflecting transaction amendments, as activity increased for the second consecutive month. The latest edition of 'The ABCP Paper Trail' can be found on Fitch's web site at 'www.fitchratings.com' in the 'newsletters' section corresponding with the 'ABS sector' or by contacting the Ratings Desk at 800-893-4824. |
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