Covenant Concerns Hit Spec-Grade Liquidity Ratings

Moody's Investors Services downgraded three companies' speculative-grade liquidity rating to the lowest notch, SGL-4, on concerns of potential covenant violations on their credit facilities.

  • 20 Mar 2008
Moody's Investors Services downgraded three companies' speculative-grade liquidity rating to the lowest notch, SGL-4, on concerns of potential covenant violations on their credit facilities. Newspaper publisher The McClatchy Co., technology and engineering company Alion Science and Technology and professional services company Human Touch were downgraded over concerns that ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%