Despite concerns over rising interest rates and the pervasive threat of another terrorist attack, analysts at Fitch Ratings outlined a broadly favorable view of ABS performance in 2Q04, and are forecasting continued growth in several sectors for the remainder of the year.

"The second quarter built on economic gains from previous quarters and exerted a stabilizing effect on ABS performance," said managing director Chris Mrazek during a recent conference call. "Job growth hit its stride, while consumer spending and lower bankruptcies signal a more durable economic recovery."

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