Rising stars pipeline slows

The number of issuers likely to become ‘rising stars’ – the term used for issuers upgraded to investment grade from speculative grade – is slowing, according to data published by Standard & Poor’s today.

The rating agency says 29 of the global entities it rates have been classified as potential rising stars, compared with 33 this time last year.

And that number is likely to decrease further.

“Looking ahead, rising star activity should decelerate with the anticipated turn in the credit cycle,” s

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