Record Wave of Likely Fallen Angels

The video discusses the significant downgrades in debt ratings, with $300 billion worth of issuers affected, the most since 2015. S&P Global warns of further downgrades, with 111 issuers at risk of losing investment grade status. The pandemic and falling oil prices have exacerbated the situation, affecting companies like Virgin Money and Peugeot. The Federal Reserve and ECB are stepping in to support at-risk companies, with the Fed even entering the junk bond market. Companies like Royal Caribbean are adopting creative strategies to manage downgraded statuses and raise funds.

What challenges do companies face once they lose their investment grade status?

How are companies like Royal Caribbean adapting after being downgraded?