Q1 2007 CMBS & CDO League Tables Out

Been out of town a couple of days...

According to Commercial Mortgage Alert (no link to actual story/rankings, you have to pick up the print edition), Morgan Stanley, Wachovia, JP Morgan Chase and RBS Greenwich topped the Bookrunner league tables for the first quarter of 2007. While Morgan Stanley led in Global CMBS and Non-US CMBS, JP Morgan edged them out for the US lead. Wachovia led in the CDO division, and RBS Greenwich came out on top in Agency CMBS.

According to CMA, US CMBS issuance was up 32% from a year ago, and and foreign CMBS was up 48%. However, this preceeds another ratings warning (this time from Moody's, which I'll type about when things calm down in a bit) and even an even further widening of mezz spreads.

Top 15 Global CMBS Bookrunner Rankings for Q1 2007 are:

1. Morgan Stanley ($11.84 billion)
   
2. JP Morgan Chase ($9.56 billion)


3. Merrill Lynch ($7.84 billion)


4. Wachovia ($7.77 billion)


5. Deutsche Bank ($6.61 billion)


6. Credit Suisse ($4.15 billion)


7. Lehman Brothers ($6.08 billion)


8. RBS Greenwich ($6.01 billion)


9. Citigroup ($4.15 billion)


10. Banc of America ($3.73 billion)


11. Bear Stearns ($3.03 billion)


12. Goldman Sachs ($2.83 billion)


13. Barclays Capital ($1.75 billion)


14. ABN Amro ($1.43 billion)


15. West LB ($523 million)

Top 10 US-Only CMBS Bookrunner Rankings:

1. JP Morgan Chas ($9.24 billion)


2. Morgan Stanley ($8.45 billion)


3. Wachovia ($7.78 billion)


4. Merrill Lynch ($7.15 billion)


5. Credit Suisse ($4.77 billion)


6. RBS Greenwich ($3.74 billion)


7. Banc of America ($3.73 billion)


8. Lehman Brothers ($3.71 billion)


9. Citigroup ($3.68 billion)


10. Deutsche Bank ($3.31 billion)