More retail woes for CMBS, but no crisis in sight yet

US CMBS delinquency rates are at historic low levels despite retail bankruptcies and department store closures this year, casting doubt on the hedge funds which made big bets on ‘a Big Short’ style trade on the CMBX indices.

  • By Alexander Saeedy
  • 11 Jun 2018
Despite the low delinquency rates, Fitch Ratings, on Monday, pointed out that that risk on individual deals has not evaporated. According to a report from the rating agency, as much as $3.7bn worth of loans collateralised in post-crisis CMBS deals are at risk of souring. While no downgrades ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 59,475.13 168 11.58%
2 Bank of America Merrill Lynch 53,515.89 141 10.42%
3 Wells Fargo Securities 39,671.56 116 7.73%
4 JPMorgan 39,226.50 111 7.64%
5 Credit Suisse 30,786.36 73 6.00%