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APS Financial Corporation Initiates Coverage Of Avaya's Senior Secured Notes & LYONS.


Business Editors

AUSTIN Austin.

1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum
, Texas--(BUSINESS WIRE)--Oct. 16, 2002

APS Financial Corporation has initiated coverage on both the Senior Secured Notes & the LYONS of Avaya Incorporated (NYSE NYSE

See: New York Stock Exchange
:AV).

Avaya is being covered by Joel D. Luton, Director of High Yield Research & Senior Vice President. For more information and a copy of the comprehensive research report, please contact high yield associate analyst Sorush S. Abboud at sabboud@amph.com or toll free at 800/248-0620.

APS Financial Corporation (APSF APSF Anesthesia Patient Safety Foundation
APSF Aerial Port Support Flight
APSF Anterior/Posterior Spinal Fusion
), a subsidiary of American Physicians Service Group (Nasdaq:AMPH) specializes in insurance company fixed income asset management, institutional and retail securities sales, and investment analysis. Established in 1981, APSF provides both institutions and high net worth individual investors with value-added, personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 investment advice and account services. Our staff includes experienced analysts, traders Traders

Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread.
, and portfolio managers who are knowledgeable in all areas of the fixed income market. In addition to offering insurance asset management and reporting services, APSF is also extensively involved in the trading and analysis of high yield corporate bonds. We conduct our own proprietary research and have developed a large client base of high net worth individuals and institutional buyers.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 16, 2002
Words:190
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