Moody’s Investors Service said in a report on Monday said that investors continue to buy U.S. and EMEA programs that the ratings agency downgraded to a tier 2 status from a tier 1 status in 2012.  

For sponsors and sellers, many of the downgraded ABCP programs have also remained attractive funding platforms -- 16 of the 21 programs Moody’s downgraded in 2012 continue to issue ABCP in either the U.S. commercial paper (USCP) or European commercial paper (ECP) markets, with an aggregate outstanding amount of $34.4 billion USCP and $33.8 billion ECP as of 30 September 2012.

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