Slovenia shrugs off Moody’s downgrade

Investors sided with the Republic of Slovenia against Moody’s this week, supporting a dual tranche dollar deal on Thursday at tighter prices than at a failed launch a couple of days earlier — just before a two-notch downgrade by the agency.

  • 03 May 2013

"This has been a huge embarrassment for Moody’s," charged an origination official at one of the lead managers. "It downgraded the country on the basis of funding uncertainty when it was in the middle of a deal with a $12bn book."

Moody’s blamed the cut on the country’s weak ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,124.57 4 12.86%
2 Citi 3,544.03 6 11.05%
3 NatWest Markets 3,044.30 2 9.49%
4 Goldman Sachs 2,534.37 4 7.90%
5 Barclays 2,461.72 2 7.68%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,644.11 6 14.34%
2 Citi 6,191.70 7 11.61%
3 Goldman Sachs 6,147.24 8 11.53%
4 Deutsche Bank 6,126.48 5 11.49%
5 JPMorgan 4,598.48 6 8.63%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 7,351.66 8 11.87%
2 Credit Agricole CIB 6,342.60 7 10.24%
3 JPMorgan 6,071.58 8 9.80%
4 Goldman Sachs 5,036.65 5 8.13%
5 Citi 5,011.57 14 8.09%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,994.79 37 9.01%
2 Citi 11,939.79 30 8.97%
3 Goldman Sachs 11,183.90 13 8.40%
4 Barclays 10,192.94 14 7.66%
5 HSBC 9,741.93 13 7.32%