Rating Game (DECEMBER 10 -- DECEMBER 15)

  • 20 Dec 2004
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Moody's
Upgrades ToFrom
Canon Inc. Senior Unsecured Aa2 Aa3
Casio Computer Co., Ltd Senior Unsecured Baa1 Baa3
Citizen Watch Co., Ltd. Senior Unsecured A2 A3
Elizabeth Arden, Inc. Senior Subordinate B2 B3
FARMS Securitisation Limited STRUCT. Senior Secured Aa1 Aa3
STRUCT. Senior Secured Aa3 A2
STRUCT. Senior Secured A3 Baa2
GazInvest Finance B.V. BACKED Senior Unsecured Baa2 Ba2
BACKED Senior Unsecured MTN Baa2 Ba2
GazInvest Luxembourg S.A. STRUCT. Senior Secured Baa2 Ba2
Household International, Inc. Senior Unsecured A1 A1
Senior Unsecured MTN A1 A2
Itoham Foods Inc. Senior Unsecured Baa1 Baa2
JPM- JC2 Trust STRUCT. Senior Secured Aaa Aa1
STRUCT. Senior Secured A1 Baa1
JSC Tyumen Oil Company BACKED Senior Unsecured Ba2 Ba3
Konica Minolta Finance U.S.A. Corporation BACKED Senior Unsecured MTN Baa2 Ba1
Konica Minolta Holdings, Inc. Senior Unsecured Baa2 Ba1
Senior Unsecured MTN Baa2 Ba1
Meiji Dairies Corporation Senior Unsecured Baa1 Baa2
Minolta Co., Ltd. BACKED Senior Unsecured Baa2 Ba1
Morinaga Milk Industry Co., Ltd. Senior Unsecured Baa1 Baa2
Nippon Meat Packers, Inc. Senior Unsecured Baa2 Baa3
NRG Energy, Inc. Senior Secured B1 B2
Pioneer Corporation Senior Unsecured Baa1 Baa2
Ricoh Co., Ltd. Senior Unsecured A1 A2
Ricoh Finance Nederland B.V. BACKED Senior Unsecured MTN A1 A2
Salem Communications Holding Corporation Senior Subordinate B2 B3
BACKED Senior Subordinate B2 B3
Sanyo Electric Co., Ltd. Senior Unsecured Baa1 Baa2
TVN Finance Corporation plc BACKED Senior Unsecured B2 B3
DowngradesToFrom
ABS Capital Funding, Ltd. STRUCT. Senior Subordinate Caa2 B1
Banc of America Commercial Mortgage Inc.STRUCT. Subordinate B1 Ba2
STRUCT. Subordinate B2 Ba3
STRUCT. Subordinate B3 B1
STRUCT. Subordinate Caa2 B2
STRUCT. Subordinate Ca B3
Borger Energy Associates, L.P. backed first mortgage bonds Ba1 Baa3
Diversified Asset Securitization Holdings III, LP STRUCT. Senior Secured  Aa2  Aaa
STRUCT. Senior subordinate Baa1 Aa2
STRUCT. Subordinate B3 Baa2
Dragon Finance B.V. STRUCT. Senior Secured Baa3 Baa2
General Nutrition Center, Inc. Senior Subordinate Caa1 B3
Green Tree Financial Corporation MH Series 1993-2 STRUCT. Subordinate Caa1 B3
Green Tree Financial Corporation MH Series 1996-3 STRUCT. Senior Subordinate Caa1 B3
Green Tree Financial Corporation MH Series 1996-4 STRUCT. Senior Secured B2 B1
STRUCT. Senior Subordinate A2 Aa3
Green Tree Financial Corporation MH Series 1996-5 STRUCT. Senior Subordinate B3 B2
Green Tree Financial Corporation MH Series 1996-6 STRUCT. Senior Subordinate B3 B2
Green Tree Financial Corporation MH Series 1996-7 STRUCT. Senior Subordinate B3 Ba3
STRUCT. Subordinate B1 Ba1
Green Tree Financial Corporation MH Series 1996-8 STRUCT. Senior Subordinate C Ca
Green Tree Financial Corporation MH Series 1996-9 STRUCT. Senior Subordinate B3 B1
STRUCT. Subordinate B2 B1
Green Tree Financial Corporation MH Series 1997-1 STRUCT. Senior Secured C Ca
STRUCT. Senior Subordinate A2 A1
STRUCT. Subordinate B3 B1
Green Tree Financial Corporation MH Series 1997-2 STRUCT. Senior Secured C Ca
STRUCT. Senior Subordinate Baa1 A3
Green Tree Financial Corporation MH Series 1997-3 STRUCT. Senior Secured Caa1 B2
STRUCT. Senior Subordinate Baa1 A3
Green Tree Financial Corporation MH Series 1997-4 STRUCT. Senior Secured Caa1 B2
STRUCT. Senior Subordinate A3 A2
Green Tree Financial Corporation MH Series 1997-5 STRUCT. Senior Secured B3 B1
STRUCT. Senior Subordinate A2 Aa3
STRUCT. Subordinate B2 Ba3
Green Tree Financial Corporation MH Series 1997-7 STRUCT. Senior Subordinate C Ca
Green Tree Financial Corporation MH Series 1998-1 STRUCT. Senior Secured B3 B1
STRUCT. Senior Subordinate Baa2 A3
Green Tree Financial Corporation MH Series 1998-2 STRUCT. Senior Secured B3 B1
STRUCT. Senior Subordinate Baa3 Baa1
Green Tree Financial Corporation MH Series 1998-4 STRUCT. Senior Secured Caa1 B2
STRUCT. Senior Subordinate Baa3 Baa2
Green Tree Financial Corporation MH Series 1998-5 STRUCT. Senior Secured Caa2 Caa1
STRUCT. Senior Subordinate Baa3 Baa1
Green Tree Financial Corporation MH Series 1998-7 STRUCT. Senior Secured Caa1 B2
STRUCT. Senior Subordinate Baa3 Baa1
STRUCT. Senior Subordinate B3 Ba3
Green Tree Financial Corporation MH Series 1998-8 STRUCT. Senior Secured Caa2 B3
STRUCT. Senior Subordinate Baa3  Baa1
STRUCT. Senior Subordinate B3 Ba3
Highbury Finance B.V. STRUCT. Senior Secured B3 Aa3
Lehman ABS Corporation STRUCT. Senior Secured Ca Caa2
STRUCT. Senior Secured Aa3 Aaa
STRUCT. Senior Subordinate A1 Aaa
STRUCT. Senior Subordinate B2 Aa3
LNR Property Corporation senior subordinate Baa3 Baa2


  • 20 Dec 2004

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
  • Today
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%