BAML: 2 different $3 trillion risks are hanging over markets, but only one should really scare investors

According to strategists at Bank of America Merrill Lynch, two $3 trillion risks hang over markets right now: Italian sovereign debt and US corporate debt.
Both have been assigned credit ratings of BBB or equivalent, the lowest tier of investment grade and just one notch above junk.
BAML breaks down why it sees one risk as far more acute than the other.Investors are facing two huge risks, each with about $3 trillion at stake.
But one is a whole lot more troubling than the other, according to res