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Corporate BondsHigh grade and crossover bonds

More fallen angels expected but also a drop in default rates

Fallen angel Madrid from Adobe 19Aug20 575x375

Corporate default rates are expected to decline towards the end of this year after peaking in the next few months, but the number of borrowers facing a plunge into junk ratings is near a record high. Lenders say that they are taking a pragmatic view on the companies in their loan portfolios to try and prevent defaults.

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