Corporate bond downgrades see risk for schemes skyrocket

Over-concentration risk follows an EDF bond downgrade

clock • 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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Fiduciary management in 2025 – what the year meant for scheme investors

Fiduciary management in 2025 – what the year meant for scheme investors

Samora Stephenson says FM was dynamic in name but remained disciplined in practice

Samora Stephenson
clock 26 January 2026 • 3 min read
Why affordable housing is right for DC schemes

Why affordable housing is right for DC schemes

Sian Roberts says the asset class is a strategic, scalable building block for DC portfolios

Sian Roberts
clock 19 January 2026 • 4 min read
ICSWG launches climate investing framework

ICSWG launches climate investing framework

Framework will assist investors in decision making to support real-world change

Martin Richmond
clock 07 January 2026 • 2 min read
Trustpilot