Goldman Sachs leads equity league tables, JP Morgan tops debt rankings
Already up, defaults are expected to reach historic norms in 2023
Goldman Sachs' annual survey finds investors optimistic about IPO activity
Rating agencies see credit challenges growing as macro conditions hit company finances
Equity issuance plunged and debt offerings dropped in 2022, Refinitiv reported
Sharp drop in leveraged finance activity to reduce firms' cash cushions
Search for yield has boosted insurers' exposure to lower-rated bonds
Debt underwriting down too, led by a plunge in high-yield offerings
As slower growth hits corporate balance sheets, financial stress to materialize
U.S. investment-grade corporate bond market remains active