HALISTER1: U.S. IG Downgraded at CreditSights Ahead of ‘Short-Term Jitters’

U.S. IG Downgraded at CreditSights Ahead of ‘Short-Term Jitters’

(Bloomberg) -- U.S. IG cut to market perform due to several risks that could upset market in the short-term, including the Fed, renewed oil volatility and the U.S. election, CreditSights says in a note.
  • Downgrades high beta sectors to market perform, upgrades life insurance to outperform given its long dated nature
  • Doesn’t see U.S. growth rising above the 2% growth of the past 5 years, though strong 3Q may “further fuel interest rate bears”
  • Trump election win would increase near-term uncertainty
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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