Milken: Roughly 99.5% of companies worldwide are non-investment grade
Michael Milken · Michael Milken – Innovations in Finance, Medicine, and Education (EP.371) · Feb 26, 2024 · at 24:05
Financier Michael Milken explains why the high-yield credit market is vastly larger in scope than the market for investment-grade corporate bonds.
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“99.5 or something of all the companies in the world are non-investment grade debt companies. Very few are investment grade”
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