Fitch Downgrades $18.4 Bln In RMBS

Fitch Ratings has downgraded $18.4 billion in subprime RMBS, representing 1,003 classes.

  • 03 Oct 2007

--Cathy Cunningham

Fitch Ratings has downgraded $18.4 billion in subprime RMBS, representing 1,003 classes. The downgrades, together with $155.1 billion in affirmed classes, complete Fitch’s re-rating of its rated 2006 vintage U.S. subprime RMBS transactions. Fitch initiated the review in July (TS, 7/13), and began taking rating actions ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 90,620.08 256 11.30%
2 Bank of America Merrill Lynch 77,027.41 213 9.60%
3 JPMorgan 67,464.46 192 8.41%
4 Wells Fargo Securities 67,146.17 186 8.37%
5 Credit Suisse 52,389.21 132 6.53%