Fallen Angel Risk May be Overstated, Says Ratings Agency
February 01, 2019 at 11:59 AM EST
Heading into this year, many bond market observers were concerned about the state of BBB-rated corporate debt and how much of that debt could be downgraded to junk, turning those bonds into fallen angels. The VanEck Fallen Angel High Yield Bond ETF (NYSEArca: ANGL) is the dominant exchange traded...