S&P reviews Eu1.46tr of covered bonds with criteria that please few

Standard & Poor’s on Wednesday released a long-awaited revision to its criteria for assessing asset-liability mismatch risks for its covered bond ratings, but although the rating agency made welcome changes to its original proposals, many market participants — not just issuers, but also investors — were disappointed by the final result.

  • 18 Dec 2009

S&P released its initial proposals in February and at that point said that 60% of covered bond programmes could be downgraded as a result of its planned changes.

This week S&P placed 98 covered bond programmes on CreditWatch. The majority of these (95) were placed on CreditWatch negative, two ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,363.50 109 7.56%
2 JPMorgan 27,423.07 94 6.82%
3 Goldman Sachs 27,365.68 53 6.81%
4 Barclays 25,009.79 63 6.22%
5 Deutsche Bank 22,679.02 69 5.64%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 22.59%
2 Credit Suisse 1,301.65 4 18.30%
3 UBS 970.80 3 13.65%
4 BNP Paribas 522.35 4 7.34%
5 SG Corporate & Investment Banking 444.17 3 6.24%