Citigroup, Deutsche Bank, Morgan Stanley and CSFB are all leading contenders in this category. Citigroup, in particular, has won our regional debt house awards in Asia and emerging Europe this year. But leading the debt arranger rankings for emerging markets as a whole across the globe in the past year – most notably in Latin America, the largest regional market – is JPMorgan. As well as leading significant transactions for emerging-market borrowers worldwide, it ranks highly with investors for emerging-market debt research, topping that part of Euromoney’s April 2003 credit research poll.
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