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Rating Agencies Give Subprime Market Big Thumbs Down

Standard & Poor’s and Moody’s Investors Service have both given the subprime residential mortgage-backed securities market a big thumbs down.

  • 10 Jul 2007

--Cathy Cunningham

Standard & Poor’s and Moody’s Investors Service have both given the subprime residential mortgage-backed securities market a big thumbs down. Standard & Poor’s may downgrade $12 billion of U.S. subprime residential mortgage-backed securities. analysts, while Moody’s Investors Service has downgraded 399 RMBS and placed a further 32 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%