Credit Cards Looking Rough, Pressuring ABS

Collateral performance on U.S. bank credit card loans will likely get worse before it gets better and the deteriorating performance will put downward ratings pressure on some outstanding credit card asset-backed securities, according to a report from Moody’s Investors Service.

  • 09 Jun 2008

-- Leo Shvartsman

Collateral performance on U.S. bank credit card loans will likely get worse before it gets better and the deteriorating performance will put downward ratings pressure on some outstanding credit card asset-backed securities, according to a report from Moody’s Investors Service. Ratings pressure will be higher on ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%