Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
According to Moody’s rating agency, 51 companies saw their rating downgraded to junk in the first quarter of 2016, compared to 45 companies in whole of 2015. S&P rating already showed that first quarter downgrades is already at highest since 2009 financial crisis. The amount of debt in talks here amounts to $265 billion, which is twice as much from a year ago.
Moody’s has cited lower commodities price to be the main reason behind such numbers. 22 among 51 companies downgraded, are from commodities spaced and 28 of them are Brazilian corporates. Reason behind such high numbers has been Brazil’s downgrade to junk category.
Though recent rise in commodities price has been supportive of high yield debt but rout since 2014 has already pushed many to the brink of default. So recent improvement in yield spread, which has dropped from 8.9% to 6.1%, unlikely to do much good.
Nevertheless recent risk affinity should provide support those, who are in much better shape, which largely includes bigger corporates.
