Moody's To Release New CDO Model

Moody's Investors Service is gearing up to launch a new modeling system for collateralized debt obligations, which it believes will simplify the ratings process.

  • 24 Nov 2004
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Moody's Investors Service is gearing up to launch a new modeling system for collateralized debt obligations, which it believes will simplify the ratings process. "This will make the platform more user-friendly," said Yusuke Seki, v.p. and senior credit officer in the structured finance group in Tokyo. He said, "It will boost transparency and we think more people will use it to analyze CDO transactions." He continued the project has been in the works globally for the past six months and could be released in December. Seki added the revamped methodology will not affect outstanding CDO transactions, but declined to elaborate on specifics of the project.

Additionally, last week Moody's announced its Tokyo office rated a total of nine CDO transactions in the third quarter bringing the year-to-date total to 17. Moody's expects a total issuance of around 20 deals this year, down from 24 in the previous year. "In Japan credit spreads remain tight and investors are looking overseas," said Seki. He expects interest in overseas synthetic CDO portfolios to increase in the coming months, given the more attractive yields.

  • 24 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%