2013 Credit Outlook (Goldman)

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Table of Contents
Sector coverage views and Picks & Pans .................................................................................................................................... 3
Credit Strategy - The IG premium is close to cyclical tights; modest room to run................................................................... 4
Aerospace & Defense .................................................................................................................................................................. 15
Airlines/EETCs/Leasing ................................................................................................................................................................ 21
Automotive .................................................................................................................................................................................. 27
Capital Goods & Diversified Industrials ..................................................................................................................................... 32
Chemicals ..................................................................................................................................................................................... 38
Consumer ..................................................................................................................................................................................... 43
Energy .......................................................................................................................................................................................... 48
Healthcare .................................................................................................................................................................................... 53
Insurance ...................................................................................................................................................................................... 58
Managed Care .............................................................................................................................................................................. 63
Media ............................................................................................................................................................................................ 68
Metals & Mining .......................................................................................................................................................................... 74
Paper & Forest Products ............................................................................................................................................................. 79
Retail ............................................................................................................................................................................................. 83
Technology .................................................................................................................................................................................. 89
US Telecom & Cable/European Telecom ................................................................................................................................... 95
Transportation (Rails) ................................................................................................................................................................ 102
US & European Banks ............................................................................................................................................................... 108
US REITs ..................................................................................................................................................................................... 117
Utilities & Power ........................................................................................................................................................................ 122 20121120 GS 2013 Credit Outlook.pdf (1.97 MB, 需要: 15 个论坛币)

2012-12-20 16:26:49 上传

2013 Credit Outlook Credit Research Moderate thrills, avoid the spills
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