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Mark Gray

Managing Director - Global Corporate Finance

US and Americas
Tom Marshella
Managing Director - US/Americas Corporate Finance

Paloma San Valentin
Managing Director - US/Americas Corporate Finance


Myriam Durand
Managing Director- EMEA Corporate Finance

Philipp Lotter
Managing Director- EMEA Corporate Finance

Asia Pacific

Brian Cahill
Managing Director - Asia Pacific Corporates/Financial Institutions​​​​



Research and analysis on public companies and their debt instruments.



  • 12 Feb 2019
    • Liquidity Stress Indicator continues upward trek in January, but remains low
      Slowing global economic growth and higher borrowing costs are creating slight upward liquidity pressure for US speculative-grade companies, but defaults should remain low this year. Full Report ​​
  • 7 Feb 2019
    • Accelerating efforts to lower drug prices raise financial risk for US drug companies
      Many of the regulatory and legislative initiatives to reduce drug prices would affect the entire US pharmaceutical industry. However, firms with the highest percentage of their revenue within the US market are the most exposed.  Full Report
  • 6 Feb 2019
    • B3 Negative and lower corporate ratings list increased 3.2% in January to 192 companies
      The B3 Negative and lower list reached 192 companies at end of January, 3.2% higher than the prior month’s tally and above its 3-month rolling average for the second month. As a percentage of the total rated spec-grade population, the list also increased slightly to 12.4% on a monthly basis, although remaining below its long-term average of 14.5%, calculated since January 2007.  Full Report
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