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Corporate bond downgrades see risk for schemes skyrocket

Over-concentration risk follows an EDF bond downgrade

Tom Higgins

02 February 2022 • 2 min read

Corporate bond downgrades see risk for schemes skyrocket

UK pension schemes will face increasing over-concentration risks in their corporate bond holdings, according to AXA Investment Managers.

The warning comes after credit rating agency Fitch downgraded French utility provider Électricité de France (EDF) to a ‘BBB+', meaning it was removed from high-quality ‘AAA-A' rated indices. Thi...

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