S&P Downgrades $673 Mln In CDOs

Standard & Poor’s Ratings Services has downgraded $673 million of collateralized debt obligations because of deteriorating credit quality as well as lowered ratings on underlying U.S. subprime residential mortgage-backed securities.

  • 08 Jun 2010
Standard & Poor’s Ratings Services has downgraded $673 million of collateralized debt obligations because of deteriorating credit quality as well as lowered ratings on underlying U.S. subprime residential mortgage-backed securities. In the latest round, eight tranches from three CDOs of CDO transactions saw ratings reductions, all of which ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 18,228.90 62 10.55%
2 JPMorgan 17,535.24 47 10.14%
3 Wells Fargo Securities 16,128.82 45 9.33%
4 Bank of America Merrill Lynch 15,717.90 52 9.09%
5 Barclays 12,370.12 42 7.16%