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SocGen CMBS Notes Dropped To Junk Status As EOD Looms

A Société Générale commercial mortgage-backed securities deal has had more than half of its bonds downgraded to junk status as rating agency analysts expect an event of default to hit the single loan which backs the transaction.

  • 10 Jun 2009

--Cristina Pittelli

A Société Générale commercial mortgage-backed securities deal has had more than half of its bonds downgraded to junk status as rating agency analysts expect an event of default to hit the single loan which backs the transaction. Ratings on the five classes of notes issued by White ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
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1 Citi 70,706.84 201 11.60%
2 Bank of America Merrill Lynch 60,472.76 166 9.92%
3 Wells Fargo Securities 48,082.68 138 7.89%
4 JPMorgan 48,046.47 137 7.88%
5 Credit Suisse 38,252.19 94 6.28%