Fitch forecasts that in 2002, issuance across Europe will grow to over €25 billion, ($22 billion) and it may even reach the 30bn of issuance completed in the USA in 1996.
Until now, UK assets have dominated the European market, but Fitch expects to see increasing activity from other countries, with Italy, France and Germany expected to become market hotspots.
And Fitch Senior Director Chris Hillard expects to see more standardization emerge in Europe as the market matures. 'There is already a strong call amongst the investment community for a consistent approach to structuring as well as standardisation of reporting and documentation,' he said. 'Efficiency is beginning to improve, which can only be positive for the market as a whole.'
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