CUSIP Issuance Trends Show Year-Over-Year Increase in New U.S. Corporate and Municipal Capital Creation and Sharp Spike in International Debt Issuance

NEW YORK, March 15 /PRNewswire/ -- CUSIP Global Services (CGS), managed by Standard & Poor's on behalf of the American Bankers Association, today announced the release of its CUSIP Issuance Trends Report for February 2010.  The report, which tracks the issuance of new security identifiers on a sector-by-sector, asset class-by-asset class and regional basis, offers an early indicator of nascent market trends and developing hot spots of capital creation.  

According to the report, new U.S. corporate security issuance increased 10 percent year-over-year for the month of February, while U.S. municipal issuance increased 7 percent year-over-year.  Issuance of international debt was up 193 percent, and international equity issuance was up 57 percent year-over-year.  New CUSIP issuance activity has continued to show strong advances in international debt and equity markets for the last two months.

"Year-to-date CUSIP issuance activity is running substantially higher in several key U.S. and international asset classes, indicating a possible surge in new market activity in the days and weeks to come as these newly created securities come to market," said Richard Peterson, Director, Standard & Poor's Market, Credit and Risk Strategies.  

Following is a breakdown of new CUSIP identifier issuance by asset class through January 2010:

"CUSIP issuance trends continue to indicate burgeoning pockets of recovery in the capital markets," said Jim Taylor, Managing Director, CUSIP Global Services.  "We will continue to monitor our database of CUSIP issuance activity to give the marketplace an early indicator of new trends in the capital markets that will be developing in the weeks and months to come."

The CUSIP Global Services trends report is issued to the marketplace on a monthly basis.   For more information, please visit www.cusip.com.  

About CUSIP Global Services

For 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, enabling financial services firms to benefit from improved operating efficiencies and substantially reduced administrative costs. CUSIP Global Services is operated by the CUSIP Service Bureau (CSB). CSB is managed on behalf of the American Bankers Association by Standard & Poor's. For more information, visit www.cusip.com.

About The American Bankers Association

The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry's $13.3 trillion in assets and employ over 2 million men and women.

(1)"International" Equity & Debt refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. offerings

SOURCE CUSIP Global Services

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