US RMBS hit with yet more downgrades

  • 19 Oct 2007

Moody’s and Standard & Poor’s announced mass downgrades of US RMBS this week.

Moody’s downgraded $33.4bn of 2006 vintage securities backed by subprime first lien mortgages. It also announced that it might skip the process of placing CDOs on watch, and take rating actions immediately. Standard & Poor’s ...

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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

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1 Citi 82,050.07 237 12.94%
2 Bank of America Merrill Lynch 70,926.06 217 11.18%
3 Wells Fargo Securities 62,359.46 195 9.83%
4 JPMorgan 45,920.23 145 7.24%
5 Credit Suisse 36,830.60 112 5.81%