Special Edition Podcast Mini Series: 25 for 25: E3 Host Winnie Cisar (Global Head of Strategy) is joined by Andy DeVries (Head of US Investment Grade; Head of Utilities), Eric Axon (Co-Head of High Yield; Head of Healthcare), and Mary Pollock (Head of Real Estate) to discuss the art and science of credit analysis. The conversation centers on turning information into decisions by blending quantitative analysis with qualitative judgment. Andy DeVries illustrates how sector data can inform relative value views. Eric Axon emphasizes a process-first approach that starts with the numbers before incorporating management behavior and industry context. Mary Pollock underscores the importance of governance, incentives, and disclosure - using company materials and past actions to test narratives - and how real-world inflection points refine instincts over time. The team also share approaches for developing junior talent, filtering noise during busy news cycles, gauging consensus, and recognizing potential turning points - balancing art and science to produce clear, actionable credit recommendations.