In GSFM’s second CPD-accredited article for 2019, the focus turns to bond ratings. Given their remarkable importance in securities markets today, the economics team at Payden & Rygel, manager of GSFM’s Payden Global Income Opportunities Fund, sat down to look at important changes in one segment of the US investment grade corporate bond market: BBBs.

Don’t worry, BBB happy – giving corporate leverage the sniff test