In a report released today by Dealogic, the data analytics provider reported that global non, triple-A rated securitization volume  has reached $98.6bn year-to-date. This increased  27% from the same period in 2011 and marks the highest year-to-date volume  since the $266.8bn registered in 2007.

The firm said that the growth in volume was driven by non, triple-A rated ABS issuance with $62.3bn issued year-to-date, which represents a 76% year-on-year increase.    

Student loan receivables are counted among the top ten collateral types. Dealogic shows the asset class experienced a seven-fold surge to $9.1bn year-to-date, the highest volume since 2006  volume of $20.0bn. Similarly, auto receivables rose to $9.9bn, a 32% increase year-on-year and the highest level since 2006  year-to-date volume of $12.1bn.

Bank of America Merrill Lynch leads the global non,triple-A rated securitization bookrunner ranking in 2012 with an 11.1% market share, followed by JPMorgan and RBS with shares of 7.9% and 6.8%, respectively.

Despite the increase in non triple-A volumes, global securitization volumes at $565.6bn , year-to-date remain below the $606.9bn raised in the same  period last year. The Dealogic report said that in MBS, the volume of non, triple-A rated issuance has decreased by 14% during the same period to reach $36.3bn -- the lowest volume since 2009 volumes of $30.5bn.

 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.