November 21, 2017 / 2:45 AM / 9 months ago

'Taps flowing' for speculative-grade companies as energy recovers

The Moody’s Liquidity-Stress Indicator gauge slipped to a record low reading of 2.6 percent this month from 2.7 percent in October as yield-hungry investors are “keeping the taps flowing” for speculative-grade companies, credit rating agency Moody’s Investors Service Inc said in a report on Monday.

Additionally, brisk economic growth and a recovery for oil and natural gas is bolstering corporate earnings and cash flow, Moody’s Senior Vice President John Puchalla said in the statement.

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