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Is The Worst Over For BP?

Last week there seemed to be a consensus among the commentariat that BP PLC’s five-year spreads were overshooting significantly. A level of 500bp was outlandish for a AA credit.

  • 18 Jun 2010

--Gavan Nolan, credit analyst at Markit

Last week there seemed to be a consensus among the commentariat that BP PLC’s five-year spreads were overshooting significantly. A level of 500bp was outlandish for a AA credit.

Since then, the oil company has been downgraded six notches to BBB by Fitch and ...

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Bond Comments

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 27,275.91 109 7.96%
2 Credit Agricole CIB 25,297.00 103 7.39%
3 JPMorgan 21,834.93 53 6.37%
4 Bank of America Merrill Lynch 21,222.68 53 6.20%
5 SG Corporate & Investment Banking 16,639.52 78 4.86%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 7,363.27 46 9.68%
2 Morgan Stanley 7,283.40 35 9.57%
3 Goldman Sachs 6,673.27 34 8.77%
4 Citi 5,594.80 40 7.35%
5 UBS 4,691.07 23 6.17%