Falling Angels? Credit Market Risks and Opportunities

Pimco
By April 15, 2019 11:02

Falling Angels? Credit Market Risks and Opportunities

Viewpoint April 2019

U.S. corporate bond markets have transformed in the past few years as the proportion of BBB rated credit has swollen. There’s little room for error, as we noted back in January 2018. Where do we stand now? Many investors express justifiable concerns about the sheer size of the BBB market, but we believe the spotlight on BBBs has diverted attention from the risks in the smaller single-A market. 

Pimco
By April 15, 2019 11:02

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