Rising stars continue to shine, says Barclays Capital

Boston Scientific, Case New Holland, Georgia Pacific, Interpublic and Tyson Foods are among Barclays Capital’s top candidates for getting upgraded from junk to investment grade

Comment by: Anonymous. Posted 13 years ago [2010-11-24 14:34:47]

Quite misleading! The long run average of default rates is fine if you don't worry about tail risk. If you do a worst cohort analysis to focus on how bad it can be - the natural territory of fixed income investors! - you'll find single B default rates are about 2x double B default rates for time periods of 5 to 10 years.