The U.S. Corporate Bond Debt Rated 'BBB' Exceeds $3 trillion
The U.S. corporate bond debt rated ‘BBB’ exceeds $3 trillion. That’s 53% of investment-grade bonds in the United States.
Any drop in the credit ratings could amplify the next recession: many investment grade investors own BBB-rated bonds, but are not allowed to hold junk-rated bonds.
Image: S&P Global Fixed Income Research