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 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 12,356.92 41 13.22%
2 Bank of America Merrill Lynch 10,716.42 32 11.47%
3 Barclays 8,716.58 27 9.33%
4 JPMorgan 7,774.38 29 8.32%
5 Wells Fargo Securities 7,444.83 29 7.97%