Credit Suisse Launches Emerging Market Corporate Bond Index.New Benchmark Tracks Emerging Market Credit Quality and Trading Performance NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. is pleased to announce the introduction of the Credit Suisse Emerging Market Corporate Bond Index (CS-EMCI), a performance benchmark exclusively devoted to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. denominated fixed income issues from Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. and Asia. The new Index currently includes the US denominated corporate bonds of 366 issuers with a market value of nearly US$275 billion. Complementing the Bank's CS-LACI (Latin America Corporate Index) and CS-ABI (Asian Bond Index), the CS-EMCI is designed to meet the increasing demand among institutional investors globally for emerging market corporate bonds as long-term credit quality and trading performance have continued to strengthen. "The growth of corporate bond issuance in emerging markets creates the need to expand performance monitoring beyond the sovereign bond A sovereign bond is a bond issued by a national government. Bonds issued by national governments in the country's own currency are also referred as government bonds. market," said Damien Wood, the head of Credit Suisse's Asia credit research team. The CS-EMCI provides an accurate reflection of market volatility, industry trends and risk perception. Prices are updated daily based on current transactions and market-making activities. The Index's technology platform allows users to easily compare the performance of different asset classes, maturity buckets and corporate sectors. Investors can also customize benchmark portfolios and construct various sub-indices by industry sector, region and rating. "The CS-EMCI is a powerful investment tool that allows clients to leverage Credit Suisse's market leading Emerging Market franchise and market knowledge, as well as our technology and analytic capabilities," said Baldwin Smith, the head of Credit Suisse's Fixed Income Index team. "Our clients are increasingly pursuing opportunities in Emerging Markets worldwide. Based on discussions with our clients, we expect to see great interest in a global index that enables investors to compare regions to one another," said Jamie Nicholson-Leener, head of Latin America corporate credit research at Credit Suisse. Bond rating categories include High Grade, High Yield, and Distressed asset classes. Bonds with an investment grade rating from one or more agencies are categorized High Grade. Bonds designated as High Yield are based on an average of ratings above CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. and below BBB-. Bonds with an average rating of CCC and below are considered Distressed. About 79% of the securities in the Index are classified as pure "corporate." Others from companies that are majority owned, or implicitly backed, by their government are classified as "quasi-sovereign." About Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 26 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. services. |
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