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Business, Economy

“Companies are taking on another $1 trillion in debt”

“Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger.

What’s happening: Corporate debt is poised to soar to a new record in 2020, Janus Henderson said in a report Monday. The asset manager, which analyzed 900 companies from around the world, said net borrowing could increase by as much as $1 trillion this year over 2019, when it surged to $8.3 trillion…”

https://www.cnn.com/2020/07/13/investing/premarket-stocks-trading/index.html

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