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 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 %
  • Last updated
  • Today
1 Citi 80,818.31 235 11.64%
2 Bank of America Merrill Lynch 65,088.22 185 9.37%
3 Wells Fargo Securities 56,145.09 163 8.08%
4 JPMorgan 53,381.65 156 7.69%
5 Credit Suisse 44,872.46 115 6.46%