S&P Downgrades Continue, Distressed Funds Wait

As downgrades continue – S&P downgraded $30 billion of CDOs last week – many distressed funds continue to sit dormant and should continue to do so for the time being.

  • 20 Feb 2008

--Aaron Johnson

Citigroup and Merrill Lynch had $6.6 billion and $4.8 billion, respectively, of collateralized debt obligations downgraded so far this week by Standard & Poor’s, which downgraded a total of $25 billion of CDOs of asset-backed securities today and Tuesday.

As downgrades continue – S&P downgraded $30 billion ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%