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Go to Asia edition

Moody’s mucks it up

It was no surprise that when EuroWeek called Moody’s this week to find out what lay behind the decision to junk Slovenia’s rating while it was in the middle of its dollar deal, and to establish who knew the cut was coming, the response was flustered and uninformative. The only thing that Moody’s really seems to have junked is its own credibility.

  • 03 May 2013
It cut Slovenia’s rating from Baa2 to Ba1 on Tuesday just as the leads on the dual tranche dollar bond were amassing $12bn of orders. Understandably, the syndicate and the borrower elected to put the deal on ice. Among other things, Moody’s questioned the country’s ability to raise ...

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Bond Comments

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
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1 Citi 276,777.40 1064 8.14%
2 JPMorgan 266,530.47 1166 7.84%
3 Bank of America Merrill Lynch 250,764.41 839 7.38%
4 Barclays 205,469.94 758 6.05%
5 Goldman Sachs 184,785.44 600 5.44%

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Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 35,188.43 145 6.49%
2 JPMorgan 32,762.25 63 6.04%
3 UniCredit 29,291.42 133 5.40%
4 SG Corporate & Investment Banking 28,951.69 110 5.34%
5 Credit Agricole CIB 26,611.53 134 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Last updated
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1 JPMorgan 11,195.88 46 9.03%
2 Goldman Sachs 10,193.27 47 8.22%
3 Citi 9,056.44 50 7.31%
4 Morgan Stanley 6,436.97 42 5.19%
5 UBS 6,389.02 24 5.15%