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ABCP: Maybe a Shadow of Its Former Self, But Still Alive


By Nora Colomer

May 4, 2009

Long gone are the glory days of ABCP. These days, the muted activity in the market is mostly limited to government-supported programs or restructurings. Market sources said that with things the way they are, investors can at least count on betting on a sure deal. After growing to a $1 trillion dollar market, ABCP issuance has seen less than $600 billion issued over 2008, a huge dip that Craig Shallcross, a partner at LCP Capital, said is a testament to the inability to get financing in the current market environment.

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