november 2005 credit outlook for us corporate bonds global fixed income research diane vazza managing director new york 1 212 438 2760 parul jain phd 9919 mikhail katz analyst 7617 samson joy assist 3107 mark bachmann financials 7366 john bilardello non 7664 page diane_vazza standardandpoors com parul_jain assistant mikhail_katz samson_joy standard & poor s 9 this report highlights salient developments in the bond market and our asset class from a risk return perspective while overall have been showing surprisingly strong profile despite series of unsettling events we believe that best news is behind remain concerned