By Kevin Flanagan
An overarching theme when investing in U.S. corporate bonds the last few years has been the discussion surrounding the credit makeup of the investment grade ((IG)) universe. Specifically, the share of the BBB-rated sector within this universe has risen considerably since the end of the Great Recession in 2009. As a result, there have been numerous articles written on the topic, and of course, the usual hype surrounding a "what if" scenario. In other words, what happens if the BBB sector stumbles? While we are certainly mindful of this new IG landscape