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 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%