Rating Game (JUNE 7-- JUNE 13)

  • 16 Jun 2002
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DowngradesFromTo
Southern Union Co. Sr. Unscd. Baa2 Baa3
J.C. Penney Co. Sr. Unscd. Ba2 Ba3
J.C. Penney Co. Sr. Unscd. MTN Ba2 Ba3
J.C. Penney Sub. Ba3 B1
ADT Operations Backed Sr. Sub. Baa3 Ba2
ADT Operations Backed Sub. Baa3 Ba2
ADT Operations Backed Sr. Sub. Baa2 Baa3
ADT Operations Backed Sub. Baa2 Baa3
Mallinckrodt Inc. Sr. Unscd. Ba1 Ba3
Raychem Corp. Sr. Unscd. Ba1 Ba3
Tyco Intl (US) Inc. Sr. Unscd. Baa2 Ba1
Tyco Intl (US) Inc. Sr. Unscd. Baa1 Baa2
Tyco Intl Group S.A. Sr. Unscd. Baa3 Ba2
Tyco Intl Group S.A. Backed Sr. Unscd. Baa3 Ba2
Tyco Intl Group S.A. Backed Sr. Unscd. MTN Baa3 Ba2
Tyco Intl Group S.A. Sr. Unscd. Baa2 Baa3
Tyco Intl Group S.A. Backed Sr. Unscd. Baa2 Baa3
Tyco Intl Group S.A. Backed Sr. Unscd. MTN Baa2 Baa3
Tyco Intl. Ltd. Sr. Unscd. Ba1 Ba3
Tyco Intl Ltd. Sr. Unscd. Baa3 Ba1
Ntelos Inc. Sr. Unscd. B3 Caa3
Barrett Resources Corp. Sr. Unscd. Baa2 Baa3
Carolina Telephone & Telegraph Co. Sr. Unscd. A3 Baa1
Centel Capital Corp. Backed Sr. Unscd. Baa2 Baa3
Central Telephone Co. Sr. Scd. MTN A2 A3
MAPCO Inc. Sr. Unscd. Baa2 Baa3
MAPCO Inc. Sr. Unscd. MTN Baa2 Baa3
Northwest Pipeline Corp. Sr. Unscd. Baa1 Baa2
Provident Companies Inc. Backed Sr. Unscd. Baa1 Baa2
Sprint Capital Corp. Sr. Unscd. Baa2 Baa3
Texas Gas Transmission Corp. Sr. Unscd. Baa1 Baa2
Transco Energy Co. Sr. Unscd. Baa2 Baa3
Transcontinental Gas Pipe Line Corp. Sr. Unscd. Baa1 Baa2
UNUM Corp. Backed Sr. Unscd. Baa1 Baa2
UNUM Corp. Backed Sr. Unscd. MTN Baa1 Baa2
UNUM Corp. Backed Jr. Sub. Baa2 Baa3
UnumProvident Corp. Sr. Unscd. Baa1 Baa2
Williams Companies Inc. Sr. Unscd. Baa2 Baa3
Williams Companies Inc. Sr. Unscd. MTN Baa2 Baa3
Williams Gas Pipelines Central Inc. Sr. Unscd. Baa1 Baa2
Williams Holding of Delaware Backed Sr. Unscd. Baa2 Baa3
EDP Finance B.V. Sr. Unscd. Aa3 A2
EDP Finance B.V. Backed Sr. Unscd. MTN Aa3 A2
Electricidade de Portugal S.A. Sr. Unscd. Aa3 A2
Electricidade de Portugal S.A. Sr. Unscd. MTN Aa3 A2
Airtrain Citylink Ltd. Sr. Scd. Ba2 B2
Ebara Corp. Sr. Unscd. A3 Baa1
Oki Electric Industry Co. Ltd. Sr. Unscd. Ba2 B1
Raintree Resorts Intl. Inc. Backed Sr. Unscd. Caa2 Ca
Better Minerals & Aggregates Co. Sr. Sub. B3 Caa2
Covanta Energy Corp. Sub. Ca C
Upgrades
Suncorp-Metway Ltd. Sr. Unscd. A3 A2
Suncorp-Metway Ltd. Sr. Unscd. MTN A3 A2
Suncorp-Metway Ltd. Sub. Baa1 A3
Suncorp-Metway Ltd. Sub. MTN Baa1 A3
Suncorp-Metway Ltd. Jr. Sub. Baa1 A3
Clarica Life Insurance Co. Sub. A2 A1
Clarica U.S. Inc. Backed Sub. A2 A1
Albecca Inc. Sr. Sub. B3 Baa1
Crestar Financial Corp. Backed Sub. A2 A1
Sun Trust Bank Sub. A1 Aa3
SunTrust Bank, Central Florida N.A. Backed Sub. A1 Aa3
SunTrust Banks Inc. Sr. Unscd. A1 Aa3
SunTrust Banks Inc. Sub. A2 A1
FITCH
Downgrades
Imperial Tobacco Group Sr. Unscd. BBB+ BBB
Tyco Intl Ltd. Sr. Unscd. BBB BB
Tyco Intl Group S.A. Sr Unscd. BBB BB
CIT Group Inc. Sr. Debt A- BBB
CIT Group Inc. Sub. Debt BBB+ BBB
Energy East Corp. Sr. Unscd. BBB+ BBB
NY State Electric & Gas Sr. Unscd. A- BBB
Central Maine Power Co. Sr. Unscd. A A-
Conn. Natural Gas Sr. Unscd. A A-


  • 16 Jun 2002

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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%