Lower Valuations Driving Floating-Rate Downgrades

Downgrades on U.S. floating-rate commercial mortgage-backed securities rose significantly in 2009.

  • 26 Mar 2010
Downgrades on U.S. floating-rate commercial mortgage-backed securities rose significantly in 2009. As the recession wore on and commercial real estate fundamentals weakened, property cash flows deteriorated below our initial expectations for much of the collateral underlying floating-rate transactions. The resulting downgrades reflected our revised property valuations in light ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%