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JPMorgan Worries About BBB Firm Falling Into Junk Category – ThinkAdvisor

Full Article: ThinkAdvisor

“More than half of BBB companies in the U.S. and Europe look more like high yield than high grade” based on their leverage multiples, strategists including Nikolaos Panigirtzoglou wrote in a note to clients. “This suggests that the downgrade and fallen angel risks look pretty elevated at the moment.”