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High-Grade Team

4 Marc Pinto Merrill Lynch

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What is your comment on the current concern over the independence of research?

We don't see the independence research issue as particularly relevant to credit research. Our job by definition is an objective assessment of downside risk. At the end of the day, the accolades come from calling 'em like you see 'em. That's what we do.

What one word best describes your team?

Client-focused.

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