More than one-third of high-yield energy debt could move to investment grade over the next 12 to 24 months as rising oil prices boost credit outlooks across the sector, according to
Almost 37%, or $77 billion, of energy bonds in the high-yield index could be upgraded, including 8 of the 10 largest issuers, the research firm said in a note. More than half of the oil and gas producers in the index are fallen angels -- companies that used to be investment grade -- that could be upgraded,
In a world of ...
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