Investors have plenty of reasons to be pessimistic and fearful of the corporate credit markets today, but there are bright spots as some energy company fundamentals are downgraded to junk*.
First move to end oil glut
Falling shares around the world
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
Oil price slipped below $30 a barrel in January
Could change OPEC sentiment
Monitoring developments in other oil-exporting nations