We are an independent investment research firm covering the high yield market across both debt and equity. Our original, detailed, company-focused research reports provide answers to the difficult but high impact questions that drive significant moves in securities prices. We invest significant resources in primary research, reflecting our goal to provide our clients with a genuine edge versus what is already known by the market. We seek to establish the truth in any investment situation, constantly, and without bias, challenging our views for data-driven evidence. We aim to be analysts who think like investors, both in the quality of our investment research process and monitoring of our recommendations. Our research reports cover the full capital structure of companies in our universe, providing equity valuations in all cases, including for unlisted companies.