Fallen angels in the US credit market

Maxine Elliott    FTSE Russell, Global Market Research
15 Jul 2019
Categories: Accounting, General Market Analysis, Other, Fixed Income, Investment Management, Investor Education

Country or region: Asia Pacific (Overall)


Fallen angels are issuers whose bonds have been downgraded from investment-grade to high-yield. This paper looks into their characteristics, historical performance and differences between the current credit cycle and earlier regimes.

This report qualifies for 0.5 CE credit under the guidelines of the CFA Institute Continuing Education Program. 
We encourage CFA Institute members to log in to the CE tracking tool to self-document these credits.

Date of original publication:


Total Views: 1032
Total Downloads: 47

Share Article

Reader Comments

No comments made on this post yet


If you have any copyright and other associated infringements related to this item, please click on the Terms and Conditions link where you will be directed to the Digital Millennium Copyright Act (DCMA) that will outline the procedure for raising your concern.

If you have any concerns with the content of the item [e.g., offensive language and/or material, inappropriate material] then please proceed to utilize the Contact Us form. Remember that when using the Contact Us form, please ensure you reference/cite clearly the item in question (e.g., name of article, author(s) of article) and the nature of the complaint.