U.S. Auto ABS Ratings Under Pressure

Resale values of previously leased vehicles have dropped rapidly, putting the ratings of auto asset-backed securities at risk.

  • 05 Aug 2008
--Leela Parker

Resale values of previously leased vehicles have dropped rapidly, putting the ratings of auto asset-backed securities at risk. While ratings in the auto lease sector have traditionally been very stable, the rapid decline in vehicle values over the past six months is unprecedented and will put those ...

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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 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%