Scared of fallen angels? So are the rating agencies

Moritz Kraemer
17 Jun 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Fuelled by favourable funding conditions, corporate bond issuance has been buoyant since the 2008 financial crisis. According to OECD estimates, global issuance averaged $1.8 trillion annually between 2008 and 2019, more than twice the amount during the pre-crisis period of 2000–07. Outstanding corporate debt worldwide also doubled from 2008 to 2019 to reach $13.5 trillion. But it is not only size that matters. A concern has been the trend of an ever-larger share of corporate issuance in lower

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]