High-yield credit ratings improve

In the high-yield universe, Fitch Ratings upgraded 54 credit ratings and placed a positive outlook on another 37 in the third quarter. These easily outpaced the 21 entities it downgraded and the 14 the rating agency placed on negative outlook.

Leading the way were the retail (12 upgrades, one downgrade), energy (eight upgrades, one downgrade), and health-care (10 upgrades, four downgrades) sectors.

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