“We view the healthcare sector as one of the largest contributors to the increase in total high-grade bond issuance over the past decade. The aggregate amount of high-grade bonds in healthcare grew at an 18% CAGR since 2008, rising nearly three-fold since the end of the credit crisis to $609 billion as of September 30. Healthcare investment-grade bonds with a composite rating in the ‘BBB’ category represent 58% of the total outstanding for the sector as of September 30 versus 18% as of YE 2009,” according to Fitch.
Chart Courtesy: Fitch Ratings
For more information on the healthcare segment, visit our healthcare category.