Investors were asked to rate named analysts and teams for the categories indicated. The credit research houses themselves nominated teams. Scores were given in the ratio 5:4:3:2 for first, second, third, fourth and fifth place nominations respectively.
Scores were weighted as follows to take into account the size of funds under management dedicated to credit research or volume of secondary turnover.
Investment grade:
Greater than e10 billion - weighted by factor of 4
Between e5 billion and e10 billion - weighted by a factor of 3
Between e1 billion and e5 billion - weighted by a factor of 2
No estimate provided, or less than e1 billion - no weighting
High-yield
Greater than e500 million - weighted by a factor of three
Between e250 million and e500 million - weighted by a factor of 2
No estimate provided, or less than e250 million - no weighting