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 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 71,838.88 206 11.37%
2 Bank of America Merrill Lynch 61,812.39 171 9.78%
3 Wells Fargo Securities 50,159.53 146 7.94%
4 JPMorgan 49,089.37 141 7.77%
5 Credit Suisse 39,020.67 99 6.18%