| Sub-investment grade (BB+ and below) | ||
| 23. Brokers who provide best research on | ||
| sub-investment-grade bonds: | ||
| Rank | Telcos | Point Score |
| 1 | Goldman Sachs | 42 |
| 2 | Merrill Lynch | 37 |
| 3 | Donaldson, Lufkin & Jenrette | 36 |
| 4 | Salomon Smith Barney | 23 |
| 5 | Chase Manhattan | 22 |
| 6 | Morgan Stanley Dean Witter | 20 |
| 7 | Dresdner Kleinwort Benson | 12 |
| 8 | Lehman Brothers | 10 |
| 9 | Deutsche Bank | 8 |
| 10 | Bear Stearns | 7 |
| 11= | Barclays | 4 |
| 11= | Credit Suisse First Boston | 4 |
| 13 | CIBC | 2 |
| CLECs | ||
| 1 | Goldman Sachs | 40 |
| 2 | Donaldson, Lufkin & Jenrette | 32 |
| 3 | Merrill Lynch | 30 |
| 4= | Salomon Smith Barney | 21 |
| 4= | Chase Manhattan | 21 |
| 4= | Morgan Stanley Dean Witter | 21 |
| 7 | Dresdner Kleinwort Benson | 10 |
| 8 | Lehman Brothers | 8 |
| 9 | Bear Stearns | 7 |
| 10= | Barclays | 4 |
| 10= | Deutsche Bank | 4 |
| 12 | CIBC | 2 |
| Wireless | ||
| 1 | Goldman Sachs | 41 |
| 2 | Merrill Lynch | 25 |
| 3 | Chase Manhattan | 21 |
| 4 | Donaldson, Lufkin & Jenrette | 19 |
| 5 | Salomon Smith Barney | 17 |
| 6 | Lehman Brothers | 12 |
| 7 | Morgan Stanley Dean Witter | 11 |
| 8 | Dresdner Kleinwort Benson | 10 |
| 9 | Deutsche Bank | 8 |
| 10 | Credit Suisse... | |