Rising Stars Maintain Q2 Lead in European Credit

  • European credit rating upgrades to investment grade outnumbered downgrades to high yield in the first half of 2026
    • 11 upgrades to investment grade (“rising stars”)
    • 3 downgrades to high yield (“fallen angels”)
  • Positive trend since 2022 continues

Read in-depth insights in our Fixed Income Credit Markets – July 2026