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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%