| TOP 15 HIGH-YIELD MANAGERS RANKED BY PERCENTAGE OF DEFAULTED DEALS | |||||
| Rank | Manager | Defaulted Issues | Total Issues Since 1998 | % of Total Issues That Defaulted | Rank in 2000 ('97-2000 data) |
| 1 | Jefferies & Co. | 9 | 28 | 32 | 3 |
| 2 | Goldman Sachs | 22 | 119 | 18 | NR |
| 3 | Morgan Stanley | 21 | 120 | 18 | 15 |
| 4 | Credit Suisse First Boston | 50 | 279 | 18 | 7 |
| 5 | Bear Stearns | 12 | 73 | 16 | 11 |
| 6 | Merrill Lynch | 15 | 100 | 15 | 10 |
| 7 | Chase/JPM | 18 | 162 | 11 | 6* |
| 8 | TD Securities | 1 | 10 | 10 | 4 |
| 9 | Citigroup/Salomon Smith Barney | 14 | 158 | 9 | 14 |
| 10 | Deutsche Bank | 9 | 102 | 9 | 13 |
| 11 | Lehman Brothers | 6 | 80 | 8 | NR |
| 12 | Banc Of America Securities | 7 | 87 | 8 | 5 |
| 13 | CIBC | 2 | 34 | 6 | 8 |
| 14 | UBS Warburg | 2 | 44 | 5 | 9 |
| 15 | Wachovia | 0 | 13 | 0 | NR |
| Sources: Moody's Investors Service, Thomson Financial Securities Data | |||||
| *JPM ranked 12th |
2001 Default By Number Of Deals