London & Regional CMBS Downgraded

The London & Regional Debt Securitisation (LORDS) No. 2 U.K. commercial mortgage-backed trade has been downgraded by Moody’s Investors Service, with the underlying loan predicted to see losses stemming from lease expiries and growing vacancy rates in the properties.

  • 09 Oct 2012

The London & Regional Debt Securitisation (LORDS) No. 2 U.K. commercial mortgage-backed trade has been downgraded by Moody’s Investors Service, with the underlying loan predicted to see losses stemming from lease expiries and growing vacancy rates in the properties.

Moody’s downgraded the £190 million ($303.6 million) class A tranche ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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1 Citi 98,544.62 277 13.26%
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5 Credit Suisse 41,545.25 126 5.59%