S&P adds default warning to leveraged loan woes

The leveraged loan market received a further reminder on Thursday of the long-term funding challenge it faces, with a report from Standard & Poor’s that said the lack of new CLO creation may lead to a second spike in defaults in Europe.

  • 26 Aug 2011
The S&P report echoes Fitch’s warning — made in its half year leveraged credit review at the start of August — that the market needs to develop further non-bank lending capacity to tackle the refinancing wall of LBO deals structured in the boom. The report also repeats what ...

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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
  • Today
1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%