Euro CLO Spreads Widen On Downgrade Fears

European AAA collateralized loan obligation spreads have gapped out for the first time in several months, according to industry analysts, as fears of rating downgrades from underlying credit deterioration increase.

  • 02 Mar 2009
--Cristina Pittelli

European AAA collateralized loan obligation spreads have gapped out for the first time in several months, according to industry analysts, as fears of rating downgrades from underlying credit deterioration increase. Many CLO managers continue to struggle to improve their portfolios, severely limited on the assets they are ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%