More CRE CDO Downgrades Expected

There will like be more downgrades than upgrades of commercial real estate collateralized debt obligations for the rest of the year, according to Moody’s Investors Service.

  • 20 Aug 2010
There will like be more downgrades than upgrades of commercial real estate collateralized debt obligations for the rest of the year, according to Moody’s Investors Service. Moody’s also noted that defeasance activity, when commercial borrowers substitute capital-generating collateral as a substitute for a cash payment, in the past ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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1 Citi 69,085.90 230 10.50%
2 JPMorgan 63,371.79 193 9.63%
3 Wells Fargo Securities 50,770.30 154 7.72%
4 Bank of America Merrill Lynch 50,413.91 166 7.66%
5 Credit Suisse 45,852.68 144 6.97%