The  European asset-backed commercial paper market might see a return to stable growth during the remainder of 2010 after three years of declining issuance, according to Fitch Ratings.

"Although ABCP transactions have shown a decline to date, Fitch believes the market is likely to revert to stable growth during the remainder of the year," said Emma-Jane Fulcher, a director at Fitch's European structured finance ABCP group. "A return to growth would be driven by increased investor enquiry and the restructuring of ABCP programs."

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