Bond Insurers’ Stocks Slide After Subprime Downgrades

  • 19 Jul 2007
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Bond insurers MBIA and Ambac Financial Group have seen stock prices suffer as worries grow that the insurers may be badly hurt by weakness in the subprime market, reports the Associated Press. Both companies have been trading much closer to their 52-week pricing lows than their 52-week pricing highs. Investors have been showing worry ever since Standard & Poor’s and Moody’s Investors Service downgraded billions of dollars in subprime bonds last week. S&P is now in the process of evaluating what effect bond performance will have on the insurers. “Preliminary indications are the impact is minimal,” said David Veno, director of global bond insurance ratings at S&P.

Read the Associated Press story on ABC3340.com

  • 19 Jul 2007

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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%