Rating Game (MAY 21 -- MAY 27)

  • 28 May 2004
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Moodys    
Downgrades To  From
BISTRO 2000-6, Ltd. struct. sr. sec. A1 Aa2
struct. sr. sub. Ba2 Baa3
struct. sr. sub. Ca Caa3
Celestica Inc. sub. Ba3 Ba2
CVS Corporation sr. unsec. A3 A2
sr. unsec. MTNs A3 A2
European Reinsurance Company of Zurich bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. MTNs A1 Aa3
J.H. Whitney Market Value Fund, L.P. struct. sub. Ca Caa3
Muzak Holdings, LLC bkd. sr. unsec. Ca Caa3
Muzak LLC bkd. sr. unsec. Caa1 B3
bkd. sr. sub. Caa2 Caa1
Prime Property Funding II, Inc. sr. unsec. A3 A2
bkd. sr. unsec. A3 A2
Prudential Securities Secured Fin. Corp. struct. sr. sub. Aa1 Aa2
struct. sub. Caa1 B2
struct. sub. Caa2 B3
SAS Denmark-Norway-Sweden bkd. sr. unsec. B2 B1
bkd. sr. unsec. MTNs B2 B1
bkd. sub. B3 B2
SHYPPCO Finance Company LLC struct. sr. sec. Ba1 Baa1
struct. sr. sub. C Ca
Stadtsparkasse Koeln sr. unsec. A1 Aa3
sr. unsec. MTNs A1 Aa3
sub. A1 Aa3
sub. MTNs A1 Aa3
Swiss RE America Holding Corporation bkd. sr. unsec. Aa2 Aa1
bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. A1 Aa3
Downgrades (cont’d) To  From
bkd. sub. MTNs A1 Aa3
Swiss RE GB PLC bkd. sr. unsec. Aa2 Aa1
bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. MTNs A1 Aa3
Swiss RE Treasury (Luxembourgh) SA bkd. sr. unsec. Aa2 Aa1
bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. MTNs A1 Aa3
Swiss Re Financial Products Corporation bkd. sr. unsec. Aa2 Aa1
bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. MTNs A1 Aa3
Swiss Re Germany Holding AG bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. MTNs A1 Aa3
Swiss Reinsurance Company sr. unsec. MTNs Aa2 Aa1
sub. MTNs A1 Aa3
jr. sub. A1 Aa3
SwissRe Finance (Bermuda) Ltd. bkd. sr. unsec. MTNs Aa2 Aa1
bkd. sub. MTNs A1 Aa3
Underwriters Re Group, Inc. sr. unsec. A1 Aa3
United States Can Company sr. sec. Caa1 B3
bkd. sr. sub. Caa2 Caa1
Verizon Hawaii, Inc. bkd. sr. unsec. Aa1 Aaa
Upgrades    
All Japan Mortgage Trust 2000-1 struct. sr. sub. A1 A3
Herbst Gaming, Inc. sr. sec. B1 B2
Latitude Synthetic I B.V. struct. sr. sub. A1 A2
struct. sub. A3 Baa2
Merrill Lynch International struct. sr. sub. A3 Baa2
Tenneco Automotive Inc. sr. sub. B3 Caa1
Vivar Operating Inc. bkd. sr. sub. B2 B3
  • 28 May 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%