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 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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
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%