Rating Migrations Are Coming
March 19, 2023 at 10:00 AM EDT
By Nicolas Fonseca, CFA Associate Product Manager Forecasts for new fallen angels remain low, however the first downgrade of the year occurred in February and March has brought a flurry of rating actions. Fallen angels underperformed broad HY by 0.26% (-1.56% vs. -1.29%) in February and now lagged by 0.32% (2.24% vs. 2.56%) YTD. Duration was [...] The post Rating Migrations Are Coming appeared first on ETF Trends .
