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Steven Wood
MD - Corporate Finance

European High Yield

Sandra Veseli
MD - Corporate Finance

Middle East

David Staples
MD - Corporate Finance

Russia and CIS

Victoria Maisuradze
Associate MD -
Corporate Finance


Gary Lau
MD - Corporate Finance


Laura Acres
MD - Corporate Finance



Oil & Gas


  • 17 Nov 2015
    • US distressed exchanges continue to rise amid oil and gas woes
      E&P companies in particular have seen a rise in distressed exchanges, with creditors looking to trade up for payment priority amid a prolonged commodity price slump. The main incentive behind current oil and gas distressed exchanges is not only debt reduction but also an exchange of senior unsecured debt for smaller amounts of secured debt, which, if successful, lessens the probability of default for issuers…Full Report l Press Release
  • 10 Nov 2015
    • North American, EMEA refining & marketing growth flat, but fluctuating crack spreads will pressure margins
      We maintain our stable outlook on the North American and EMEA independent refining and marketing sector as EBITDA growth will remain flat through early 2017. However, oversupply will cause crack spreads to fluctuate, and refining margins will remain capped as inventories continue to rise due to flattening demand for gasoline, diesel and other distillates in 2016... Full Report l Press Release
  • 6 Nov 2015
    • Exploration & production cuts flow through to global midstream energy sector, weighing on growth
      Global midstream sector growth will decline in response to deep capital spending cuts in the exploration and production sector. Weak oil, natural gas and natural gas liquids prices have pressured gathering and processing margins. We expect industry EBITDA growth to slow to less than 5% in 2016, underpinning our stable outlook on the sector…Full Report l Press Release
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