S&P To Keep Basis Funds Rating On Hold

  • 24 Jul 2007
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Standard & Poor’s will keep ratings on two of Basis Capital’s hedge funds on hold after the rating agency met with members of Basis’ management, according to Thomson Financial. Basis missed margin calls last week following downgrades on some U.S. subprime assets and collateralized debt obligations. “This meeting has provided us with a greater understanding of the current issues, the suspension of redemptions, net asset value calculation difficulties,” said Greg Barr, S&P fund analyst. The rating agency will review the ‘on hold’ rating once the hedge fund manager provides more details. Investors have almost A$700 million ($619.36 million) invested in the two funds.

Click here to read the Thomson Financial story on ABCMoney.co.uk

  • 24 Jul 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%