June 10, 2026
We combine quantitative screening with sector-specific fundamental analysis to identify the BBB issuers most at risk of falling to HY in 2026/2027.
January 28, 2026
We highlight some of the most attractive rising star opportunities among US non-financial corporates.
December 17, 2025
We analyzed over 1,100 fallen angel bonds to show how fallen angels are sold as a category before downgrade, and priced as credits after the downgrade.
October 29, 2025
We screened over 300 BBB companies to find the firms most likely to fall to high yield in 2026 and 2027.
July 29, 2025
We update our scoring model to track how risk profiles have shifted across S&P 500 sectors and companies.
July 15, 2025
The low spread market is not the same as a low risk environment.
July 8, 2025
We quantify how ETF demand for investment grade corporate bonds impacts the liquidity and pricing of the underlying securities.
June 17, 2025
The first in our series of articles reveals how the co-movement of stock and bond indices has ramped up in recent years.
June 10, 2025
Our latest Credit Monitor reviews first quarter financial trends across ~750 corporate North American bond issuers, focusing on the evolution of two key metrics: leverage and interest coverage.
June 3, 2025
We calculated the median leverage, coverage and profitability ratios by agency rating to show how credit fundamentals shift from the highest investment-grade names down to the riskiest high-yield issuers.
May 27, 2025
We apply earnings shocks from past recessions to today’s S&P 500 index to find the sectors and companies that could suffer severe deterioration in leverage and interest coverage.
May 20, 2025
Building on our earlier work on leverage and market stress, we introduce a simple but effective model to help identify the S&P 500 companies most at risk of sharp equity drawdowns in a recession.
May 13, 2025
We quantify which sectors face the most pressure as maturing debt rolls into a higher-rate environment.
May 6, 2025
The increase in leverage across the S&P 500 is setting the market up for a harder fall during the next economic shock.