New York, January 20, 2016 -- The number of potential 'fallen angels,' or global non-financial companies rated Baa3 with a negative outlook or on review for downgrade, thus just above speculative grade, rose sharply in the fourth quarter of 2015 due to pressures on commodity-linked industries and sovereign ratings, says Moody's Investors Service. The increased level of issuers bordering on speculative grade should result in a higher level of crossovers in 2016, especially for fallen angels.
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