What are crossover bonds

what are crossover bonds

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Split rate bonds are called crossover bonds. "fallen angel" is a bond that has moved from investment grade to speculative grade. It is an actively managed portfolio consisting primarily of high quality USD-denominated corporate bonds. Definition for: Crossover Defines a category of bonds rated between BBB for the best and BB for those that are not as good (in terms of expected Solvency).
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While crossover ratings straddle both investment grade and high yield, we believe that the crossover universe behaves similarly to investment grade and can be considered a replacement for investment grade. Theory of the firm: Managerial behavior, agency costs and ownership structure. The Sub-Fund is not appropriate for Belgian retail investors unless the investment subscription is more than EUR , Please take note of the risk factors. Bonds Municipal Bonds.