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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (5606)2/14/2002 11:25:33 PM
From: John Pitera  Respond to of 33421
 
Only 9 "AAA" rated companies left in the US: AIG, BRKA, BMY, GE, JNJ,MRK, PFE, UPS, XOM.

a decade ago there were 22 companies with the highest credit rating of "AAA"

there were 58 companies with a "AAA" rating in the 1970's.
(source SSB)

These triple AAA's represent 6.2% of the bond debt today, versus 25% in the 1970's. We're seeing growth in the lower quality corporate borrowers.