The European asset-backed securities market will continue to grow in 2002, according to a new report published by Moody's Investor Service.

In the report entitled &quot2001 Review and 2002 Outlook Report on the European ABS Market&quot, Moody's predicted the sector would build on its stellar performance during 2001, which has seen a 126% year-on-year growth in issuance volume, albeit at a slower pace.