Michaels Brushes Off Downgrade

Investors largely ignored Moody's Investors Service's downgrade of arts and crafts supply retailer Michaels Stores last week.

  • 19 Sep 2008
Investors largely ignored Moody's Investors Service's downgrade of arts and crafts supply retailer Michaels Stores last week. The loans did fall, from 78-78 1/2 Sept. 12 to 75-75 1/2 last Wednesday, but no more than the general market. One trader said there's been a lot of turnover in ...

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GlobalCapital European securitization league table

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1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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Rank Lead Manager Amount $m No of issues Share %
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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%