S&P Cuts Wrapped Euro Deals

Standard & Poor’s today cut ratings on deals wrapped by CIFG Europe, XL Capital Assurance and Financial Guaranty Insurance Company.

  • 09 Jun 2008

--Alex Sebastian

Standard & Poor’s today cut ratings on deals wrapped by CIFG Europe,XL Capital Assurance and Financial Guaranty Insurance Company. The agency has taken actions on 11 European securitization tranches that have financial guarantees for payments of underlying debt obligations from one of the three monolines. A ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 12,356.92 41 13.15%
2 Bank of America Merrill Lynch 10,716.42 32 11.41%
3 Barclays 9,195.07 28 9.79%
4 JPMorgan 7,774.38 29 8.28%
5 Wells Fargo Securities 7,444.83 29 7.93%