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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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

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 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%