We assess the performance of FAs since Covid using the FTSE Time-Weighted Fallen Angel Bond Index (TWUSFA), which captures critical timing effects. We find a more favourable risk/return profile in FAs ...

Fallen angels finished the first half of the year outperforming the broad high yield market, despite underperforming by 0.46% in Q2. In May, Constellation Insurance and Royal Caribbean became the ...

Stories about angels are often filled with light, music, and gentle guidance, but there is another side to angelic lore that is far more dramatic and mysterious. Among the most famous figures in these ...

Armaros is often remembered as a fallen angel, one of the Watchers who transgressed divine law, but he was once a friend and confidant of Enoch, the legendary human scribe who walked with the angels.

Fallen angels were nearly twice as likely to default compared with peers that are rated speculative-grade at inception (referred to as original high yield; OHY), according to a study published by ...