The fallen angel opportunity as previously strong credits suffer
Downgrades set to break records
About $323bn of debt was downgraded over the first six months of the year
As a result of the severe economic dislocation caused by the Covid-19 pandemic, the downgrade of 'fallen angels' to high yield status in 2020 is set to rocket past the previous yearly record.
As a result of the severe economic dislocation caused by the Covid-19 pandemic, the downgrade of 'fallen angels' to high yield status in 2020 is set to rocket past the previous yearly record. About...
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