Criteria Changes May Prompt More CDO Downgrades

Changes in the criteria Standard & Poor’s uses for rating collateralized debt obligations has resulted in the downgrade watch of roughly 4,790 CDOs valued at $578 billion.

  • 17 Sep 2009
Changes in the criteria Standard & Poor’s uses for rating collateralized debt obligations has resulted in the downgrade watch of roughly 4,790 CDOs valued at $578 billion. Among the changes, aimed at making CDO ratings more comparable to those in other sectors, are new tests to supplement its ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,707.86 107 11.65%
2 JPMorgan 26,311.06 76 9.09%
3 Wells Fargo Securities 25,846.25 72 8.93%
4 Bank of America Merrill Lynch 23,273.95 75 8.04%
5 Barclays 17,494.57 59 6.04%