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Barings (Europe)

2021 Top 500 ranking: 78

Fear of Fallen Angels May Be Overblown

Fear of Fallen Angels May Be Overblown

Many headlines over the last year have called attention to the growth of the lower-rated BBB portion of the investment grade market—and predicted a wave of fallen angels to high yield. But in the last year, we have seen more HY companies upgraded to IG than the other way around.

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