MPV - Should High Yield Investors Be Concerned About 'Fallen Angels'?
Posted by Michael Kelley, Head of Global High Yield Research, Samira Sattarzadeh, Senior Analyst on March 14, 2019, in Fixed Income
Earlier this year, our investment grade colleagues discussed the potential implications of the growing BBB segment of the US investment grade market (US investment grade credit: A buy or a bubble?). In high yield, we have also received questions regarding the growth of BBBs. In this blog, we address some important questions: Are we likely to see significant downgrades among these bonds into high yield territory (BB and below)? Would the high