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Holding Your Nose & Buying

Feb.21 -- The most frequently cited vulnerability in the credit market for quite some time has been the massive amount of BBB bonds that could become so-called “fallen angels” and join high yield. Well, Kraft Heinz got downgraded to junk and Macy’s and Renault SA may be on their way after having received their first high-yield ratings. Bloomberg's Jonathan Ferro sat down with TD's Priya Misra, Nuveen's Tony Rodriguez and Morgan Stanley's Vishy Tirupattur to debate the outlook for risky debt markets.