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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 80,818.31 235 11.64%
2 Bank of America Merrill Lynch 65,088.22 185 9.37%
3 Wells Fargo Securities 56,145.09 163 8.08%
4 JPMorgan 53,381.65 156 7.69%
5 Credit Suisse 44,872.46 115 6.46%