Moody's picks ratings for revised SF correlation assumptions

  • 08 Jul 2005

Moody's has updated its correlation assumptions for structured finance CDOs. The agency now uses asset rather than default correlation, making assumptions based on historical ratings transitions over the past 20 years.

Previously, Moody's was using several approaches to arrive at default correlation assumptions, depending on ...

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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

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1 Citi 82,406.77 239 12.85%
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3 Wells Fargo Securities 62,984.09 198 9.82%
4 JPMorgan 45,920.23 145 7.16%
5 Credit Suisse 37,235.50 114 5.81%