S&P Downgrades $5.56 Bln Of U.S. CDOs

Standard & Poor's has cut its ratings on $5.56 billion of U.S. collateralized debt obligations.

  • 29 May 2009
Standard & Poor's has cut its ratings on $5.56 billion of U.S. collateralized debt obligations. The downgrades are due to increased loan losses and delinquencies as well as downgrades on subprime residential mortgage-backed securities, reports Dow Jones. The ratings agency lowered ratings on 37 tranches from 12 cash ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%