Fixed Income Investors Survey incorporating: Best Borrowers and Fixed Income Research Polls
(previously known as Credit research)
To participate in 2010 research please visit www.euromoney.com/FixedIncomePolls
Euromoney combined its fixed income research poll with a new borrowers poll that asks fixed income investors to nominate the best fixed income issuers both globally and across a range of sectors and borrower types that matched the categories in the research poll. Investors were asked to nominate their top 3 borrowers in each category based on issuance strategy, credit quality and investor relations. For the research side, investors were asked to nominate their top 3 credit research teams, or individuals, across the same categories.
FI research categories included:
Overall credit strategy
Overall trade ideas
Sovereigns
Supranational & Agencies
Banks
Non-bank financial institutions
TMT
General industries
Autos
Consumer products & Retail
Utilities
High yield
Covered Bonds/Pfandbriefe
Emerging market corporates
Emerging market sovereigns
Borrower categories included:
Overall best borrower
by region
Sovereigns
Supranational & Agencies
Banks
Non-bank financial institutions
TMT
General industries
Autos
Consumer products & Retail
Utilities
High yield
Covered Bonds/Pfandbriefe
Emerging market corporates
Emerging market sovereigns
June 2009
May 2008
The crunch has precipitated a world where good credits can turn bad overnight. Research teams must adapt to the new circumstances while clients increasingly have their own expertise. Jethro Wookey reports.
May 2007
Banks that have downgraded client-directed credit research might well be short-sighted. Euromoney’s latest credit research poll indicates that some of the top-ranking banks have recognized this, taking a ‘third way’ that allies trading desk focused research with a sustained published research capability.
April 2006
Banks’ credit research departments are readying themselves for a turn in the credit cycle towards a higher level of defaults and volatility. Florian Neuhof reports on the state of play.
March 2005
Modular rather than maintenance seems to be the new buzzword as the key to success in a rapidly changing environment for credit research. But every investment bank seems to have a different view about the implications for analysts. To publish or not to publish? Cross asset or sectoral? Client facing or in house? Whatever the decision, only the best analysts will survive.
April 2004
Results of Euromoney’s biggest ever credit research poll indicate that the development of relationships with continental European investors is crucial to success.
April 2003
Things are so tough in investment banking that major institutions are prepared to let award-winning credit analysts decamp to the buy side. Among them are some high-fliers in Euromoney's latest annual credit research poll. Kathryn Tully reports.
April 2002
Interviews with the front-runners in this year's Euromoney credit poll indicate a market in flux and efforts on the part of credit research teams to adapt to this. At a time when equity activity is subdued, the credit market stands out as lively but also highly volatile throughout the rating spectrum. This means that the top firms are doing their best to find new ways of presenting research to their varied customer base. Timeliness, focus and independence in their reports are crucial but they must produce this with staffing levels that are generally substantially lower than those of their equity colleagues.
April 2001
Euromoney polled investors at 3,000 investing institutions in 31 countries, asking them to rank the individuals and teams whose credit research they rate most highly. The response was four times that of last year, with nearly 340 firms replying to our questionnaire. The winners were two bulge-bracket US firms and two of the largest European banks.
April 2000
Euromoney polled 80 big investors on which firms they rated for credit analysis, and for which sector. The poll showed that credit investors rely extensively on banks' research. They want high quality, timely and independent analysis and access to the analysts. Euromoney's poll shows which firms investors rank highest across various sectors
April 1999
As credit research burgeoned last year there probably were analysts who could command seven-figure salaries. Demand is still high but supply is catching up. The best research houses are formalizing their approaches and a pecking order is developing. Rebecca Bream looks at what's on offer.
May 1998
Banks are building up their European credit research in the run up to Emu. Teams are being bolstered and specialists hired. But who is getting it right? The first ever poll of European credit research gives investors the chance to decide. SBC Warburg, Merrill Lynch and JP Morgan all did well, writes Brian Caplen. The poll was conducted by Rebecca Dobson.