S&P Cuts Ratings On 1,862 Prime-Jumbo-Backed RMBS

Standard & Poor’s has downgraded 1,862 classes of residential mortgage-backed securities backed by prime jumbo mortgages.

  • 10 Dec 2009
Standard & Poor’s has downgraded 1,862 classes of residential mortgage-backed securities backed by prime jumbo mortgages. The rating reductions on the RMBS of 2002-2004 vintage loans were based on projected losses from rising delinquencies that are expected to be greater than the amount of collateral. To date, S&P ...

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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 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

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1 Citi 20,542.69 67 10.85%
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3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%