Rating performance trends suggest increased fallen angel activity ahead, but still far below recent peaks. Potential fallen angels are issuers rated 'BBB-' with negative outlooks or CreditWatch placements. In the U.S. and EMEA, the number of potential fallen angels rose ...
Macroprudential policies need to be significantly enhanced to address the structural vulnerabilities exposed by the market turmoil of March 2020, in particular with respect to liquidity mismatches in money market and investment funds. The ...