Best borrowers poll 2010: Results

Overall

Overall

Overall Western Europe Emerging Europe Asia-Pacific/Australasia North America Latin/Central America Middle East/Africa Sovereigns Supranationals & 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

Overall
2010 2009 Entity Score
1 1 Germany (Deutsche Finanzagentur) 688
2 2 European Investment Bank 527
3 4 KfW 460
4 6 France (Agence France Trésor) 408
5 4 BMW 376
6 10 Telefonica 342
7 7 Daimler AG 311
8= 3 E.ON 281
8= 9 Volkswagen 281
10 13 General Electric 223
11 8 France Télécom 202
12 30 Brazil (Tesouro Nacional) 197
13 12 Deutsche Telekom 179
14 24 United States (US Treasury – Office of Debt Management) 175
15 11 RWE AG 152
16 41 Poland (Ministry of Finance) 146
17 15 EDF 141
18 49 Fiat SpA 140
19 38 Iberdrola 138
20= 22 Italy (Departimento del Tesoro) 136
20= 26 Netherlands (Agentschap van het Ministerie van Financien) 136
22 33 United Kingdom (UK Treasury – DMO) 132
23   Metro 130
24 36 Carrefour 125
25 54 AXA 124
26 26 Allianz 121
27 20 KPN 117
28 70 Virgin Media 110
29 28 Vodafone 109
30 31 World Bank 104
31= 44 Turkey (Maliye Bankanligi) 102
31=   Casino Guichard-Perrachon 102
33 71 Enel SpA 101
34 51 Finland (Valtioneuvosto) 100
35 14 Tesco 95
36= 78 Ireland (Department of Finance) 94
36= 29 Wind Telecomunicazioni 94
36=   Heidelberg Cement 94
39 17 Landesbank Baden-Wurttemberg 92
40   Renault 84
41 16 GDF SUEZ 79
42= 86 Holcim 76
42=   PSA Peugeot Citroën 76
44= 24 Fresenius SE 75
44= 55 Nordea 75
46= 67 Gazprom 73
46=   Eurohypo 73
48= 45 Spain (Ministerio de Economia y Hacienda) 72
48= 35 Munich Re 72
50 55 Telecom Italia 71
51= 58 Oddo & Cie 70
51=   Compagnie de Financement Foncier (CFF) 70
53   Belgium 68
54   Portugal 67
55= 72 Indonesia 66
55= 51 CADES 66
57 31 Vattenfall 65
58 74 Anheuser-Busch InBev 63
59   WL BANK 60
60   Intesa SanPaulo 59
61   Sweden 58
62 83 ArcelorMittal 57
63= 58 Austria 54
63=   Veolia 54
63= 33 Toyota 54
66 100 Unilever 53
67= 86 Linde 52
67= 86 Zurich Financial 52
67= 60 Pernod Ricard 52
70=   Münchener Hypothekenbank 49
70=   Ford 49
70= 60 BASF 49
73= 65 Henkel 48
73= 42 National Grid 48
75= 65 Energie Baden-Württemberg 45
75= 39 Imperial Tobacco 45
75=   Mexico 45
75= 69 Russia 45
75=   European Bank for Reconstruction & Development 45
80=   Lafarge 44
80= 36 Kabel Deutschland 44
82 80 South Korea 42
83= 40 Procter & Gamble 41
83=   Australia 41
83=   Qatar 41
83=   Westpac 41
83=   ThyssenKrupp AG 41
88   Deutsche Postbank 40
89=   Norway 39
89= 51 Danone 39
89= 92 UPC 39
89= 92 Hungary 39
93   Nestle 38
94= 94 Czech Republic 37
94=   CEZ Group 37
94=   Telenor 37
94= 74 Generali 37
94=   CRH 37
99=   Rhodia 35
99=   Switzerland 35
101=   Petrobras 33
101=   PPR 33

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Western Europe
2010 2009 Entity Score
1   Germany (Deutsche Finanzagentur) 688
2   European Investment Bank 527
3   KfW Bank 460
4   France (Agence France Trésor) 408
5   BMW 376
6   Telefonica 342
7   Daimler AG 311
8   E.ON 281
9   Volkswagen 281
10   France Télécom 202

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Emerging Europe
2010 2009 Entity Score
1   Poland (Ministry of Finance) 146
2   Turkey (Maliye Bankanligi) 102
3   Gazprom 73
4   Russia 45
5   Hungary 39
6   Czech Republic 37
7   CEZ Group 37
8   TNK-BNP 31
9   Romania 30
10   Greece 25

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Asia-Pacific/Australasia
2010 2009 Entity Score
1   Indonesia 66
2   Toyota 54
3   South Korea 42
4   Australia 41
5   Telstra 29

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North America
2010 2009 Entity Score
1   General Electric 223
2   United States (US Treasury – Office of Debt Management) 175
3   Anheuser-Busch InBev 63
4   Ford 49
5   Procter & Gamble 41

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Latin/Central America
2010 2009 Entity Score
1   Brazil (Tesouro Nacional) 197
2   Mexico 45
3   Petrobras 35
4   Inter-American Development Bank 26
5   America Movil 17

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Middle East/Africa
2010 2009 Entity Score
1   Qatar 41
2   South Africa 27
3   ABSA 24
4   Abu Dhabi 22

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Sovereigns
2010 2009 Entity Score
1 1 Germany (Deutsche Finanzagentur) 675
2 2 France (Agence France Trésor) 408
3 5 United States (US Treasury – Office of Debt Management) 175
4= 3 Italy (Departimento del Tesoro) 136
4= 3 Netherlands (Agentschap van het Ministerie van Financien) 136
6 6 United Kingdom (UK Treasury – DMO) 132
7 9 Finland (Valtioneuvosto) 100
8 12 Ireland (Department of Finance) 94
9 7 Spain (Ministerio de Economia y Hacienda) 72
10 8 Belgium 68
11 14 Portugal 67
12 11 Austria 54
13 22 Poland (Ministry of Finance) 47
14 13 Brazil (Tesouro Nacional) 46
15 22 Sweden 44
16 27 Australia 41
17 27 Norway 39
18= 16 Indonesia 31
18= 16 Switzerland 31
20 31 Denmark 28

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Supranational & Agencies
2010 2009 Entity Score
1 1 European Investment Bank 519
2 2 KfW Bank 443
3 4 World Bank 104
4 5 CADES 66
5 6 European Bank for Reconstruction & Development 45
6= 9 Inter-American Development Bank 26
6= 3 Societe de Financement de l’Economie Francaise (SFEF) 26
8 9 Freddie Mac 18
9   Nordic Investment Bank 16
10   Islamic Development Bank 14

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Banks
2010 2009 Entity Score
1 1 BNP Paribas 464
2 7 Barclays Plc 319
3 4 JPMorgan 248
4 5 Deutsche Bank 243
5= 6 Grupo Santander 239
5= 2 Societe Generale 239
7 3 HSBC 233
8 8 Rabobank 220
9 9 UniCredit 204
10 40 Royal Bank of Scotland 184

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Non-Bank Financial Institutions
2010 2009 Entity Score
1 1 General Electric Finance 152
2 2 Allianz 121
3 4 AXA 120
4 3 Munich Re 72
5 5 Zurich Financial 52
6 6 Generali 37
7   Prudential 31
8 11 Swiss Re 28
9   Aegon 26
10 8 Aviva 22

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TMT
2010 2009 Entity Score
1 2 Telefonica 338
2 1 France Télécom 200
3 3 Deutsche Telekom 179
4 4 KPN 117
5 5 Vodafone 109
6 6 Telecom Italia 71
7 13 Virgin Media 49
8   Telenor 37
9 8 Wind Telecomunicazioni 36
10 18 TeliaSonera 32

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General Industries
2010 2009 Entity Score
1 9 Holcim 76
2 3 General Electric 71
3 7 ArcelorMittal 57
4 10 Linde 52
5 5 BASF 49
6 19 Lafarge 44
7 13 ThyssenKrupp AG 34
8   Alstom 26
9 2 Roche 25
10 16 Glencore 22

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Autos
2010 2009 Entity Score
1 1 BMW 376
2 2 Daimler AG 311
3 3 Volkswagen 281
4 5 Fiat SpA 99
5 9 Renault 84
6 6 PSA Peugeot Citroën 70
7 4 Toyota 54
8   Ford 37
9 8 Michelin 25
10 7 Volvo 24

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Consumer Products & Retail
2010 2009 Entity Score
1 2 Carrefour 122
2   Metro 121
3 1 Tesco 95
4   Casino Guichard-Perrachon 94
5 9 Anheuser-Busch InBev 63
6 11 Unilever 53
7 3 Procter & Gamble 41
8 5 Danone 39
9 14 Nestle 38
10 4 Imperial Tobacco 35

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Utilities
2010 2009 Entity Score
1 1 E.ON 281
2 2 RWE AG 150
3 3 EDF 141
4 6 Iberdrola 138
5 10 Enel SpA 97
6 4 GDF SUEZ 79
7 5 Vattenfall 55
8 12 Veolia 54
9 7 National Grid 48
10 9 Energie Baden-Württemberg 45

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High Yield
2010 2009 Entity Score
1   Heidelberg Cement 77
2 1 Fresenius SE 68
3 6 Virgin Media 61
4 2 Wind Telecomunicazioni 58
5   Fiat SpA 41
6 7 Rhodia 33
7 9 Pernod Ricard 28
8 14 Smurfit Kappa 27
9 3 Kabel Deutschland 25
10 13 Ardagh Glass 24

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Covered Bonds & Pfandbriefe
2010 2009 Entity Score
1   Eurohypo 73
2   Compagnie de Financement Foncier (CFF) 70
3   Landesbank Baden-Wurttemberg 66
4   WL BANK 56
5   Münchener Hypothekenbank 39
6   Dexia 31
7   Deutsche Postbank 30
8   CRH 28
9=   Dexma 25
9=   ING Groep 25

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Emerging Market Corporates
2010 2009 Entity Score
1 1 Gazprom 73
2 3 Petrobras 33
3   TNK-BP 31
4 9 Pemex 16
5   Vale 14

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Emerging Market Sovereigns
2010 2009 Entity Score
1 1 Brazil (Tesouro Nacional) 149
2 2 Poland (Ministry of Finance) 99
3 3 Turkey (Maliye Bankanligi) 71
4 4 Russia 37
5 11 Indonesia 35
6 9 Hungary 30
7 12 Mexico 28
8 6 South Africa 23
9= 5 Czech Republic 22
9= 8 South Korea 22

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