High-Yield 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?

The chemical sector report that we published in March 2002, recommending that the chemical sector has the best leverage to the improvement in the overall economy. We were essentially initiating coverage on the sector and the timing was perfect. Since the publication, the sector has tightened by 200bp in spreads, in line with our recommendation.

Which of your calls over the past 12 months made or saved

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