Companies must raise £28T to finance ‘wall’ of debt

Companies must raise £28T to finance ‘wall’ of debt

Published on 26/05/2012

The money is needed to refinance old borrowings and fund new spending, raising major questions over the ability of the world economy to avoid a recession, according to a report from Standard & Poor’s.

British companies will have to find between £220B – £268B of new financing to fund their growth plans on top of refinancing hundreds of billions of pounds more of existing debt, according to the ratings agency.

Companies need to ring fence their assets and protect their wealth.

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