BAML: Italy’s $3 Trillion Debt Load Much More Worrisome Than Domestic $3 Trillion BBB MarketMichelle Jones
Moody's downgraded its sovereign debt rating for Italy to a notch above junk status, but Bank of America Merrill Lynch holds an uneasy view of the country's debt. In fact, the firm is "much more comfortable" with the $3 trillion BBB-rated U.S. corporate bond market than it is with the almost-$3 trillion BBB-rated Italian sovereign bonds.
Lessons for Italy from Greece
In a report this week, BAML Credit Strategist Hans Mikkelsen and . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.