Downgrades for Dubai GREs over state support worry

Concerns about Dubai’s government-related entities were reawakened on Tuesday when Standard & Poor’s downgraded three of them and cast doubt about the state’s willingness to help them repay their debt.

  • 30 Jun 2009

DP World and Jebel Ali Free Zone (Jafza) were downgraded from A to BBB+, while Dubai Multi Commodities Centre Authority fell five notches from A- to BB.

The moves were a response to concerns that Dubai’s rulers will not support Nakheel, the state-owned property group that has a $3.5bn ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%