High-Grade Industrials

Credit awards 2002

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What piece of research that you have published in the past year are you most proud of?

In all our secondary research we seek to add value for clients but among the most positive feedback from investors was our ‘buy’ recommendation on FKI in the euro market, and in sterling our coverage of the Railtrack administration.

What event in the industrials sector took you most by surprise over the past year?

The increasing unpredictability of the rating agencies post Enron. On one hand we have se

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