January 2018
HY Corporate Credit
HY Multi Sector.Media. Cable & Satellite
Business Services & Other (e.g., Publishing, Printing, etc.):
We do not believe that it is applicable to provide a general weighting to this
category given the medley of credits that fall into this bucket (such as Nielsen.
CISION, and Ceridian, to name a few). Each has a distinct set of opportunities,
challenges, positives, and negatives. Please call us to discuss our views any
and all of these names.
Page 158 Deutsche Bank Securities Inc.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086717
CONFIDENTIAL SDNY_GM_00232901
EFTA01385432