U.K. Credit Card ABS Performance To Slump Into Next Year

Performance of U.K. credit card asset-backed securities is likely to decline further throughout the rest of the year and in to 2010, according to analysts at Moody’s Investors Service.

  • 26 May 2009

--Cristina Pittelli

Performance of U.K. credit card asset-backed securities is likely to decline further throughout the rest of the year and in to 2010, according to analysts at Moody’s Investors Service. The expected decline stems from “the continuation of the severe recession, the growing unemployment rate and the low ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%