A fallen angel is a bond downgraded from investment-grade to junk status due to a decline in the issuer's financial stability ...

Sariel is known as a fallen angel, but unlike others who rebelled and were cast away forever, he is said to have been forgiven by God. His role is unique, combining mercy, justice, and divine duty.

We expect an uptick in fallen angel activity in 2025, mainly due to idiosyncratic factors rather than systematic weakness. Fallen angels outperformed the broad high yield market by 0.17%, benefiting ...

2024 returns will likely be driven by carry, with sector and quality differences driving potential outperformance versus broad high yield. An uptick in fallen angels may provide further support. Last, ...