ABCP mart keeps functioning, though issuers have to pay up.

The article reports on the condition of the asset backed commercial paper market in Europe in the last week of July 2007. Some had feared that the market might seize up if investors were frightened off by the news about IKB, but dealers said most issuers were able to find demand for their paper, though they had to pay wider spreads than a few months ago. According to Sarah Repucci, a director at Fitch Ratings, there were worries over the last week but they have been bailed out now.