(Reuters) - "Acquisition-related factors are playing a key role in the
crossover of companies to speculative grade from investment
grade," S&P said. About 67 percent of issuers downgraded to
junk were involved in acquisition activity, the agency said.
By number of issuers, fallen angels have declined to 18
from 24 in the same period last year, S&P said.
Read more at Reuters.com Bonds News
crossover of companies to speculative grade from investment
grade," S&P said. About 67 percent of issuers downgraded to
junk were involved in acquisition activity, the agency said.
By number of issuers, fallen angels have declined to 18
from 24 in the same period last year, S&P said.
Read more at Reuters.com Bonds News
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