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Sunday, March 22, 2020
When The Going Gets Tough, The Tough Get Going
When The Going Gets Tough, The Tough Get Going
The current market turmoil has seen even safe haven assets like treasuries and municipal bonds being sold off in the flight to cash. Its not surprising as the economic data is expected to get worse in the coming days. China during the quarantine time had reported a 13.5% dip in industrial production while retail sales fell 20.5%. If this scenario plays out in the rest of the world we could see many companies go bankrupt. The corporate debt / GDP of US at 47% is higher than the 45% level of 2008 financial crisis and this paints a worrisome picture. So it pays for investors to be with the best rated companies of the world.
Here we have shortlisted blue chips from Europe and United States with a market cap of more than $30,000 million and these are the companies expected to survive this turmoil. They are highly rated by Credit Analysts as well as Equity Analysts.
Data Source: Bloomberg
Arun Leslie John
Chief Market Analyst
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