FOCUS ON COMPANIES WITH FINANCIAL STRENGTH
- Entering a period of increased volatility
- Many companies have taken on large amounts of debt to take advantage of low interest rates
- IMF warning of rising corporate failures
3 U.S. COMPANIES SEEN AS BETTER CREDITS THAN U.S. TREASURYS
(as of 10/1/15 – Lower 5-year CDS spreads than U.S. Treasurys)
- Merck
- Chubb
- Cambridge Bancorp