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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​​​​



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Research and analysis on public companies and their debt instruments.



  • 9 Aug 2018
    • Global speculative-grade default rate dips again in July as slow pace of defaults continues
      The default rate closed at 2.8% in July, down from 3.0% in June and 3.3% a year ago, with higher oil prices, stronger economic growth and accommodative monetary policies the main drivers of the year-over-year decline. Full Report
  • 6 Aug 2018
    • Technology will keep crop prices low, limit fertilizer demand growth
      New technologies will keep crop prices low and limit demand for fertilizers and seeds in mature markets and large exporting countries over the next several years.   Full Report
    • B3 negative and lower corporate ratings list remains flat, stable in July
      The list remains steady from the prior month, at 189 companies, down more than 35% from its peak of 291 companies. Even as the list’s population is slowly decreasing, both in absolute number and as a percentage of the US spec-grade universe, Consumer/ Business Services remains the most represented sector, at 19.6%, followed by Oil & Gas at 18.0%, and Retail at 9.5%.  Full Report
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