Investment managers are seeing pockets of value in the credit space, according to Fitch Ratings, despite its own global ratings outlook on the sector being more negative than a year ago.
The ratings agency said its global rating outlooks are more negative than a year ago across most rating sectors, with the greatest challenges faced by emerging market issuers. However, Fitch said investors' outlooks on credit in 2017 are "sanguine", with flows remaining strong and demand beginning to return to the US high yield space. The firm's report said: " Investment managers' views vary on the extent to which proposed fiscal expansion may affect markets but universally expect conditions to improve in 2017. "However, a strong consensus points to market volatility due to resurg...
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