EMEA high grade debt soars 26% to $4.4tr

By Mike Turner
08 Oct 2020

Total debt among investment grade EMEA companies has rocketed by almost $1tr since last year, with more debt expected to be needed if a weak recovery leads to lower earnings and cashflow.

EMEA’s high grade company debt sits at $4.4tr, according to Moody’s, up from $3.5tr last year with the average debt for rated companies leaping from $8.7bn to $11.2bn in the same time.

This is being driven by two factors – the billions of dollars-equivalent of bridge financing raised during ...

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