"Fallen angels" are corporate bonds that received investment-grade credit ratings when they were issued but have since been downgraded to junk. Historically, they have tended to exhibit greater ...
Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, insurance portfolio management, finance and accounting, personal investment and financial ...
2020 is already a record year for fallen angel bond volume. From the slew of downgrades—including recent ones of big names like Kraft, Ford and Occidental Petroleum—to the U.S. Federal Reserve’s ...