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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.13
2 BNP Paribas 3,026 10 9.25
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.37
4 Lloyds Bank 2,213 9 6.76
5 Credit Agricole 2,025 6 6.19

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3 Wells Fargo Securities 26,900.77 74 8.50%
4 JPMorgan 23,547.25 70 7.44%
5 Credit Suisse 19,951.44 47 6.30%