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Corporate credit bond markets: To BBB or not to BBB? (Link)
"Some of the most levered BBBs are those associated with recent M&A transactions that expect to rely on continued M&A synergies and debt pay down to maintain their investment grade ratings. These bonds could be especially vulnerable during an economic slowdown that pressures cash flows and forces them to make tough choices to remain investment grade. 2018 YTD downgrades (from higher to lower ratings within investment grade) are outpacing upgrades by 2x according to J.P. Morgan, even amid healthy economic GDP/earnings growth."
BBBe careful (Link)
Order a Whopper sandwich for a penny at McDonald's with the Burger King app (Link)
