Moody's Investors Service has downgraded several tranches of the notes issued by Stanfield/ RMF Transatlantic CDO. Three tranches of the Class D Notes have been downgraded from Caa2 on watch for possible downgrade to Caa3, and one tranche of the Class A Notes has been removed from watch for possible downgrade. According to Moody's, the rating action was a result of par loss in the overall credit quality of the underlying assets.
Promoted By CGIF
Promoted By Commerzbank
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Latest news by market and league table performance
|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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||SG Corporate & Investment Banking||1,292.64||1||9.39%|
|5||Wells Fargo Securities||1,012.71||4||7.36%|