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 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%