Investment Grade Goes to Junk: Illusory Liquidity and Secured Debt Capacity
12 March 2020
The COVID-19 virus and precipitous drop in commodity prices have had a swift impact across virtually all sectors of the global economy. Highly rated companies will not be immune, and some are sure to be downgraded, even to junk territory. In the first of a series of reports, we highlight issues for investors to consider in IG structures in anticipation of downgrades.
Download the report here.