Moody's: Tally of potential fallen angels remains elevated, suggesting more downgrades in 2017
New York, January 24, 2017-- The total number of potential fallen angels declined in 2016 but remained elevated at the end of the fourth-quarter, signifying that more companies could be downgraded to speculative grade in 2017, says Moody's Investors Service in its quarterly Crossover Zone report. Potential fallen angels, or companies that have fallen into the so-called crossover zone between investment grade and speculative grade debt, decreased to 53 in the fourth quarter...
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