Moody’s optimistic on high yield resilience to euro problems

14 Jul 2011

High yield bond issuance in Europe is set to break records this year, despite the recent market slowdown, Moody’s predicted in a report on Thursday, as a fundamental shift from bank to bond debt brings new issuers into the market.

Moody’s also said the credit quality of EMEA high yield debt was continuing to "stabilise".

In the first half of this year, issuance totalled $58bn, which is almost certain to beat the record of $65bn for the whole of last year.

New entrants to the high yield market have provided ...

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