Investors were asked to nominate their top three borrowers in each category based on issuance strategy, credit quality and investor relations.
There was also a new ‘best deal’ award in 2015 alongside a ‘best new borrower’ award. The former was nominated by the market and the latter was decided by Euromoney’s judging panel based on the overall results in the best borrower ranking (decided as the highest ranked borrower overall who was new to issue in the 12 months preceding the launch of the survey).
Respondents were also asked to nominate their top three credit research providers across the same categories. Research is defined as research/trading ideas consumed by clients (from providers of research) via all distribution channels at the providers. Specifically from a research perspective this incorporates all research regardless of it being independent/non-independent. We also asked the market for their ‘best rating agency provider of research’ per category.
Nominated firms are scored 4:3:2 for first, second and third place votes respectively in each survey. The scores are then totalled for each individual category and these scores totalled for the overall table.
In total 1,924 investors took part in the survey this year, of which 1,889 valid responses were received for the fixed-income research part of the poll; 572 valid responses were received for the best borrowers part of the poll, which included individual nominations for 210 separate borrowers.