AAA Credit Card ABS Stand Up To Consumer Woes

The performance of top-tier credit card asset-backed securitizations is expected to withstand mounting pressures despite deteriorating consumer credit conditions, according to bank research analysts.

  • 19 Feb 2009

-- Leela Parker

The performance of top-tier credit card asset-backed securitizations is expected to withstand mounting pressures despite deteriorating consumer credit conditions, according to bank research analysts. JPMorgan expects charge-offs to rise, but not to the point that AAAs would experience losses, said an analyst at the bank. “We ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.94%
3 JPMorgan 92,612.23 269 8.74%
4 Wells Fargo Securities 82,597.19 239 7.80%
5 Credit Suisse 69,442.99 183 6.55%