Credit Research poll results 1999: Moving down the credit curve

Our ground-breaking annual European credit research poll ­ appearing for the second time and based on responses from an ever-growing number of investors ­ continues to generate fascinating results. Investors are embracing corporate, high-yield and asset-backed bonds. And they read analysis from a broad range of banks. Merrill Lynch does notably well in high yield. Research by Rebecca Cicolecchia.

Credit Research: Telling the wheat from the chaff

Credit Research: Methodology

Issuer classes
Banks
Rank 99	98		Score
1	2	Deutsche Bank	81
2	2	JP Morgan	74
3=	1	Merrill Lynch	66
3=	*	Warburg Dillon Read	66
5=	13	Dresdner Kleinwort Benson	49
5=	11	Morgan Stanley Dean Witter	49
7	9	ABN Amro	43
8	**	Salomon Smith Barney	21
9	13	Lehman Brothers	20
10	6	Barclays Capital	18
11	7	Goldman Sachs	17
12	9	Credit Suisse First Boston	14
13	–	Banque Nationale de Paris	8
14	–	DG Bank	7
15	–	CDC Marchés	6
* SBC Warburg Dillon Read ranked 4, UBS 5 ** Salomon Smith Barney ranked 13=, Citibank 20=
Corporates
1	*	Warburg Dillon Read	67
2	1	Merrill Lynch	65
3	4	JP Morgan	58
4	17	Dresdner Kleinwort Benson	50
5	7	Goldman Sachs	42
6	5	Barclays Capital	40
7=	17	ABN Amro	36
7=	3	Deutsche Bank	36
7=	5	Morgan Stanley Dean Witter	36
10	**	Salomon Smith Barney	24
11	9	Lehman Brothers	20
12=	10	Credit Suisse First Boston	19
12=	13	HSBC	19
14	22	Bear Stearns	11
15	22	Chase Manhattan	10
* SBC Warburg Dillon Read ranked 2, UBS 8 **...