Fitch Preps Changes To Corporate CDO Rating Criteria

Fitch Ratings' planned revisions to its rating methodology for corporate collateralized debt obligations include providing protection for highly rated CDO tranches calibrated above historical peak default rates.

  • 05 Feb 2008

--Cristina Pittelli

Fitch Ratings' planned revisions to its rating methodology for corporate collateralized debt obligations include providing protection for highly rated CDO tranches calibrated above historical peak default rates. Other proposed changes include portfolio composition and rating considerations that place greater emphasis on qualitative factors and increased credit enhancement ...

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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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

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1 Citi 105,474.10 301 10.96%
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3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%