Credit Quality Concerns
Wednesday, June 14th, 2017 Categories: Corporate Bonds, Credit Quality, Energy Prices
Contagion threat to Investment Grade
While newspapers are fretting about the valuation of Technology stocks, our models suggest that there is a growing problem with US High Yield credit. This is not confined to the Energy sector and may soon impact US Investment Grade. Our previous note highlighted the importance of Investment Grade as an end of cycle indicator.