Off-Balance Sheet Amendments Not Expected To Affect Ratings

Fitch Ratings says Financial Standard Accounting Board’s Statement Of Financial Accounting Standard amendments on off-balance sheet securitizations are not expected to result in negative rating actions.

  • 23 Jun 2009
Fitch Ratings says Financial Standard Accounting Board’s Statement Of Financial Accounting Standard amendments on off-balance sheet securitizations are not expected to result in negative rating actions. Fitch explained that despite the changes to SFAS 166 and SFAS 167, the economic of the off-balance sheet transactions would remain the ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 58,985.44 193 10.63%
2 JPMorgan 51,597.56 153 9.29%
3 Wells Fargo Securities 41,996.86 122 7.56%
4 Bank of America Merrill Lynch 41,491.72 136 7.47%
5 Credit Suisse 38,293.55 120 6.90%