ABCP Outstandings Slip 35% in 2009

"Fitch also indicated in the ABCP market commentary a positive outlook on global recovery despite recent projections by French investment bank Société Générale that 2010 might end in “global economic collapse” under a worst-case bearish economic scenario. Signs of green shoots in financial markets are gaining steam, Fitch said, although determining a timeline for the bottoming of company defaults is difficult to project."