Due to the relatively long historical record of the A-NYU Index, its relatively large and comprehensive nature and its objective sources and maintenance, the Index is considered one of the most, if not the most, authoritative performance benchmarks for distressed investor money managers and for market observers and other investors. Moody's recently (June 1998) unveiled their Bankrupt Bond Index and Salomon Smith Barney also publishes a bankrupt bond index. In addition to our defaulted bond index, we also maintain an index of defaulted bank loans; this index was started in December 1995 = 100. A combined bond and bank loan index is also available
