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 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,228.90 62 10.23%
2 JPMorgan 18,161.74 49 10.19%
3 Bank of America Merrill Lynch 16,385.65 54 9.19%
4 Wells Fargo Securities 16,128.82 45 9.05%
5 Barclays 12,632.86 43 7.09%