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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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1 Citi 128,786.28 373 11.20%
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3 JPMorgan 100,935.67 292 8.78%
4 Wells Fargo Securities 91,306.23 262 7.94%
5 Credit Suisse 75,962.58 202 6.61%