Moody’s Seeks Comment On Rating ABS

Moody’s Investors Service is seeking comment on enhancing the way it rates European asset-backed securities to account for the impact of “rapid and significant country credit deterioration.”

  • 22 Aug 2012

Moody’s Investors Service is seeking comment on enhancing the way it rates European asset-backed securities to account for the impact of “rapid and significant country credit deterioration.” Moody’s has proposed supplementing the current methodologies it uses with a “maximum achievable rating” and “minimum credit enhancement.”

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%