Upgrades and downgrades for auto ABS

  • 22 May 2009
European car loan ABS received mixed news this week with a series of upgrades across several jurisdictions, but downgrades to German securitisations from Ford’s Globaldrive programme.

Santander Consumer
’s SC Germany Auto 07-1 and 07-2 had their ‘B’ tranches upgraded from A to A+ by Fitch, while the agency changed ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%