Why Investors Shouldn't Fear a Bond Doomsday

The transcript discusses concerns in the bond market, highlighting problem credits like GE and PG&E. It examines the credit market, focusing on leveraged loans and their growing size compared to the junk bond market. The discussion also covers risks in the investment grade sector, particularly triple B names that could be downgraded to junk, potentially causing major price swings. The conversation shifts to crisis anticipation, suggesting that awareness has improved since the financial crisis. The example of Puerto Rico's debt crisis is used to illustrate how problem areas can be managed by shifting them to entities capable of handling them, thus avoiding systemic risks.

What does the text suggest about the potential downgrading of triple B names?

In what way does the text illustrate the situation in Puerto Rico regarding its debt crisis?