PGIM's Collins: Credit Upgrades Outnumbering Downgrades

The video discusses the current market conditions, highlighting the sound credit quality and liquidity management of companies. It notes specific downgrades in sectors like cruise lines and healthcare but emphasizes that overall upgrades outnumber downgrades. Concerns are raised about valuations not fully compensating investors for potential risks, including a possible global recession.

What concerns are raised about the investment-grade corporate market?

What potential global economic scenario is mentioned that could impact the market?