Credit Braces for Fallen Angels as $100 Billion Trades Like Junk

Oracle Corp. and Stellantis NV are among a group of high-grade companies with debt that has recently traded close to junk levels, putting the bond market on watch for a...

By Tasos Vossos and Charlotte Plaskwa · Bloomberg Markets

Oracle Corp. and Stellantis NV are among a group of high-grade companies with debt that has recently traded close to junk levels, putting the bond market on watch for a new era of fallen angels.