European corporates face Eu565bn refinancing
European companies need to refinance Eu330bn of debt before the end of the year, Standard & Poor’s warned yesterday (Monday). The rating agency added that companies’ refinancing risks were a “significant ratings driver”.
S&P, having assessed over 550 European credits that it rates, said in a new report that a further Eu235bn of debt would need to be refinanced in 2010.
In 2009, our data indicate that companies in the A and BBB categories have the largest amount of absolute debt to be refinanced Eu130.5bn and Eu115.4bn respectively, said Chris Dinwoodie, an S&P analyst. A similar trend is reflected [for 2010].
However, refinancing risk in coming quarters is in
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