Buy-side analysts and money managers surveyed by Institutional Investor listed their favorite companies for the first ever All-America Fixed Income Investor Relations ranking, judging performance based on characteristics such as how companies use debt and how much information IR departments shared with investors.
Among the top firms for fixed-income investor relations were JPMorgan Chase & Co., Ford Motors Co., Macy’s, and Bausch Health Companies (formerly Valeant Pharmaceuticals), which each won in their respective sectors.
To determine the winners, Institutional Investor surveyed buy-side analysts and money managers at financial institutions that invest in the U.S., including those who cast votes in this year’s All-America Fixed-Income Research Team. Over 850 investment professionals from 340 firms participated.
The voters were asked to rank the companies based on four attributes: being forthcoming with the financial health and balance sheet; transparency regarding prospective negative financial events; transparency regarding key calculations related to contractual provisions such as debt covenants; and prudent, value creating use of debt.
Other winners in their sector categories included Huntsman Corp., General Electric Co., Deere & Co., Newell Brands, Tyson Foods, MGM Resorts International, Duke Energy Corp., Enterprise Products Partners, Diamondback Energy, Morgan Stanley, Berkshire Hathaway, Simon Property Group, CVS Health Corp., HCA Healthcare, Comcast Corp., Alphabet, Apple, IBM Corp., Micron Technology, and T-Mobile.