Strong U.S. Debt Sales Push Out Maturity Wall

Peak year for maturing junk bonds has moved to 2017 from 2016, Moody’s says.

Strong U.S. loan and bond sales pushed out the maturity on the biggest amount of corporate debt for the neediest borrowers to 2017, according to Moody’s Investors Service.

About $645 billion of junk-rated debt will mature during the next five years, excluding financial companies, with a peak $258 billion of bonds and loans coming due in 2017, Moody’s said yesterday in a report. A year ago, the so-called maturity wall was expected to peak at $246 billion in 2016, the credit-rating company said.

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