Standard & Poor's has said a ‘perfect storm' may be brewing in corporate credit markets if a global economic downturn combines with credit rationing to thwart corporations' $46trn refinancing needs.
A report from the ratings agency estimates the funding needs of non-financial corporates to be between $43trn and $46trn over the next five years, of which $30trn is existing debt and $13trn-16trn is new...
Joined with 21 Partners
Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April