Fitch Downgrades $18.4 Bln In RMBS

Fitch Ratings has downgraded $18.4 billion in subprime RMBS, representing 1,003 classes.

  • 03 Oct 2007

--Cathy Cunningham

Fitch Ratings has downgraded $18.4 billion in subprime RMBS, representing 1,003 classes. The downgrades, together with $155.1 billion in affirmed classes, complete Fitch’s re-rating of its rated 2006 vintage U.S. subprime RMBS transactions. Fitch initiated the review in July (TS, 7/13), and began taking rating actions ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%