Money shoots

Positive prospects

Category: Capital Relief Trades

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Rating upgrades boost default outlook

The number of ‘weakest links’ – issuers rated single-B-minus or lower with negative outlooks or ratings on credit watch with negative implications – decreased to 353 as of 30 April 2021 and is nearing pre-pandemic levels of 282, according to a new report from S&P. Indeed, accommodative financing and an economic recovery contributed to an increase in positive rating actions in April, especially for speculative-grade issuers.

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