Euro ABS Faces Hit From Moody’s Criteria Shake-Up

European structured finance deals are less likely to comply with Moody’s Investors Service’s changes to its operational risk criteria than transactions from other regions, meaning they face being over-represented in ratings actions after reforms kick in later this month, according to Barclays Capital analysts in London.

  • 17 Feb 2011

—Hugh Leask

European structured finance deals are less likely to comply with Moody’sInvestors Service’s changes to its operational risk criteria than transactions from other regions, meaning they face being over-represented in ratings actions after reforms kick in later this month, according to Barclays Capital analysts in London.

Moody’s ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%