Fitch Downgrades 14 CRE CDOs

Fitch Ratings has downgraded $6.5 billion from 14 commercial real estate collateralized debt obligations.

  • 20 Feb 2009

Fitch Ratings has downgraded $6.5 billion from 14 commercial real estate collateralized debt obligations. According to Fitch, the 14 transactions are primarily backed by portfolios of the most junior tranches of CMBS transactions and have all been assigned Stable Outlooks, which means the credit rating agency expects ...

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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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,581.71 299 10.94%
2 Bank of America Merrill Lynch 86,347.40 249 9.04%
3 JPMorgan 80,990.39 237 8.47%
4 Wells Fargo Securities 77,934.65 225 8.15%
5 Credit Suisse 63,570.21 165 6.65%