Guggenheim Ties Weigh on Acrisure Debt, Dragging High Yield Credit Markets Guggenheim Partners' downgrade of Acrisure's debt has sent shockwaves through the high yield credit market, casting a shadow over the company's ability to service its mounting obligations.
The decision was driven by concerns over Acrisure's rapidly expanding balance sheet, which now stands at approximately $20 billion in outstanding debt – a significant increase from just a few years ago when it was around $10 billion.
Guggenheim's downgrade was also influenced by Acrisure's aggressive expansion into new markets, including the insurance sector.