European ABS: Will it end in tiers?

ABS Tiering

pg53-pyramid-gif

The asset-backed securities (ABS) market has been growing dramatically for the past few years, with issuance in Europe overtaking corporate bonds for the first time in 2004. This growth has been driven by strong investor demand, but the process has occurred in a mostly benign credit environment. The market has yet to be tested in an economic downturn. With the likelihood of tougher times for credit ahead, how well will ABS cope?

As with other credit instruments, spreads in the ABS

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here