Rating Game (July 19 - July 26)

  • 29 Jul 2001
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Moody's Investors Service From To
Downgrades
Intl. Utility Structures Inc. Sr. Sub. Caa1 Ca
Brokat Technologies AG Sr. Unscd. B3 Ca
IBP Finance Company of Canada backed Sr. Unscd. Baa2 B
IBP Inc. Sr. Unscd. Baa2 Baa3
IBP Inc. Sr. Unscd. MTN Baa2 Baa3
Tyson Foods Inc. Sr. Unscd. Baa2 Baa3
Tyson Foods Inc. Sr. Unscd. MTN Baa2 Baa3
Vattenfall AB Sr. Unscd. MTN A1 A3
Vattenfall AB Sub. MTN A2 Baa1
Vattenfall Treasury AB Backed Sr. Unscd. A1 A3
Vattenfall Treasury AB Backed Sr. Unscd. MTN A1 A3
Vattenfall Treasury AB Backed Sub. MTN A2 Baa1
Province of Buenos Aires Sr. Scd. B3 Caa1
Province of Buenos Aires Sr. Unscd. B3 Caa1
Province of Buenos Aires Sr. Unscd. MTN B3 Caa1
BGB Finance (Ireland) plc Backed Sr. Unscd. Aa2 Aa3
BGB Finance (Ireland) plc Backed Sr. Unscd. MTN Aa2 Aa3
Primus Telecommunications Group Inc. Sr. Unscd. B3 Caa2
Primus Telecommunications Group Inc. Sub. Caa2 Caa3
Upgrades
Banque Hervet S.S. Sr. Unscd. Baa1 A1
Hynix Semiconductor Manufacturing America Inc. Backed Sr. Scd. B3 B2
Intermedia Communications Inc. Sr. Unscd. B2 Baa2
Intermedia Communications Inc. Sub. B3 Baa3
Packaging Corp of America Sr. Sub. B1 Ba2
McMillin Companies Sr. Unscd. B3 B2
Petroliam Nasional Berhad Sr. Unscd. Baa2 Baa1
Acetex Corp Backed Sr. Scd. B3 B2
Beazer Homes USA Inc. Sr. Unscd. Ba3 Ba2
Beazer Homes USA Inc. Backed Sr. Unscd. Ba3 Ba2
FITCH
Downgrades
Kamps AG Sr. Unscd. BBB- BB+
Interpool Inc. Sr. Unscd. Debt BBB BBB-
John Laing plc Sr. Unscd. BBB- BB+
Brokat AG Sr. Unscd. B- CCC
Dow Jones & Company Sr. Unscd. Debt AA AA-
Upgrades
Southwest Airlines Co. Sr. Unscd. Debt A- A
STANDARD & POOR'S
UPGRADES
Anheuser-Busch Cos. Inc. Euro. notes A A+
Aracruz Celulose S.A. notes B+ BB-
Banco Citibank S.A. sr. unsec. Brazil-related MTNs B+ BB-
Banco Nacional de Desenvolvimento Economico e Social notes,var. rate notes B+ BB-
Banco do Nordeste do Brasil S.A. (BNB) notes B+ BB-
Brazil (Federative Republic of) local currency BB BB+
foreign currency, bonds, brady bonds, global bonds, notes B+ BB-
ClimaChem, Inc. sr. notes D C
Eletrobras - Centrais Eletricas Brasileiras S.A. bonds B+ BB-
Espirito Santo Centrais Eletricas S.A. notes B+ BB-
HSBC Bank Brasil S.A. Euro MTNs, sr. Euro MTNs, sub. Euro MTNs B+ BB-
LIR Energy Ltd. global gtd. notes B+ BB-
Penhall International Inc. sr. notes B- B
Unibanco-Uniao de Bancos Brasileiros, S.A. MTNs, sr. unsec. MTNs B+ BB-
DOWNGRADES
EES Coke Battery Co. Inc. sr. sec. notes B B-
EV International, Inc. sr. sub. notes CCC+ CCC-
Telex Communications, Inc. sr. sub. notes CCC+ CCC-
WHX Corp. conv. pfd. stock C D
Vlasic Foods International Inc. sub. notes C D


  • 29 Jul 2001

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 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.94%
3 JPMorgan 92,612.23 269 8.74%
4 Wells Fargo Securities 82,597.19 239 7.80%
5 Credit Suisse 69,442.99 183 6.55%