Equinox Eclipse UK CMBS downgraded

The senior tranche in Barclays’ Equinox (Eclipse 2006-1) UK commercial mortgage securitisation has been downgraded by Moody’s on the back of falling values in the underlying loans.

  • 08 Apr 2013
The £329m ($503.7m) class A notes were cut from Ba3 to Caa1 by the rating agency on Friday afternoon. Analysts said the weighted average securitised loan-to-value now stands at 176%, up from 113% in June. They added that the notes — which were originally rated Aaa by Moody’s ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 118,624.20 342 12.90%
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3 Wells Fargo Securities 87,449.35 261 9.51%
4 JPMorgan 67,955.87 206 7.39%
5 Credit Suisse 50,788.13 152 5.52%