"You entered the pandemic with dozens of U.S. high-grade companies carrying around $1 trillion of debt in aggregate, pledging to pay down debt or grow their way into lower leverage." That's going to be hard in this economy.
Analysts are trying to determine which companies will issue euro-denominated bonds, which tends to reduce leverage and risk premiums on the company's U.S. bonds.
Toyota Motor Corp. is borrowing US$2.5 billion through its finance company to help support the sale of clean cars, marking the first U.S. corporate green…
Companies have forsaken the debt diets they claimed at the beginning of the year; now 40% of blue-chip companies have leverage ratios more consistent with junk status.