Rating Agencies To Evaluate RBC

  • 05 Dec 2001
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Market sources said the last step in making a manager switch final on Indosuez Capital Funding IV from Credit Agricole Indosuez to Royal Bank of Canada will require approval from the ratings agency. "Rating agenices have stopped changes before but on this deal there's no reason it shouldn't go through," said one source close to the deal, referencing the fact that the management team at RBC was the former management team on the old deal. The management team at RBC, led by Dan Smith, formerly of Indoseuz, will be meeting with rating agency personnel from Fitch Inc., Standard & Poor's, and Moody's Investors Service at the end of the week. Officials at the rating agencies declined to comment. Smith did not return calls by press time.

Sources said the rating agencies will evaluate the entire RBC management team, the amount of capital available to support the deal, and the infrastructure and technology at the firm available to efficiently handle administration.

  • 05 Dec 2001

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%