Fitch Plans Reporting Standards For CDOs

Fitch Ratings plans to come out with recommended reporting standards for collateralized debt obligations in Europe.

  • 07 May 2004
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Fitch Ratings plans to come out with recommended reporting standards for collateralized debt obligations in Europe. Shaun Baddeley, head of performance analytics at Fitch in London, said the first set of recommendations will focus on deals backed by loans made to small- and medium-sized enterprises and is expected to be released later this month. The aim of the standards is to establish a set of information guidelines for issuers to meet investor requirements for disclosure and consistency. Baddelay declined to go into detail on the recommendations, except to say they will stipulate reporting requirements for delinquencies, defaults, credit events, security on the underlying and recovery rates on the collateral.

Later this year, the rating agency plans to release two other sectors of reporting guidelines, which will cover synthetic arbitrage CDOs (both static and managed) and managed cash CDOs.

  • 07 May 2004

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 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%