Over the past year the European ABCP market has seen $136 billion in issuance, according to sources, growing at a faster year-over-year rate than the U.S. counterpart - where issuance has tapered off substantially, particularly in the past several months.

According to a Fitch Ratings report, U.S. figures displayed a slowdown last quarter in both the ABCP being issued and in new programs being introduced.

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