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.
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