Leveraged companies’ credit quality is rising, says Fitch

The average credit quality of European leveraged companies has improved since September 2010, according to Fitch’s portfolio of 291 credit opinions. This was a result of better economic conditions and companies’ cost-cutting measures, the agency said in its European Leveraged Credit H1 2011 Review on Tuesday.

  • 02 Aug 2011
Fitch’s credit opinions are point-in-time opinions on individual borrowers that the agency does not rate. They are based on private, confidential information supplied by asset managers and not on any contact with the borrowers. In its report, Fitch considered 291 credit opinions on European leveraged borrowers, with over ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,755.02 549 5.86%
2 Bank of America Merrill Lynch 124,444.29 528 5.80%
3 Citi 102,522.76 538 4.78%
4 Barclays 83,950.26 342 3.91%
5 Goldman Sachs 83,598.93 327 3.90%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,066.59 123 8.88%
2 Deutsche Bank 22,255.37 84 7.04%
3 SG Corporate & Investment Banking 20,558.20 98 6.50%
4 UniCredit 17,012.87 79 5.38%
5 HSBC 16,282.49 91 5.15%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.80%
2 BNP Paribas 4,918.81 57 6.94%
3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,454.25 115 5.81%
2 BNP Paribas 27,238.89 117 5.76%
3 JPMorgan 26,076.85 89 5.52%
4 Barclays 25,936.71 91 5.49%
5 Deutsche Bank 24,766.67 100 5.24%