As LIBOR rises—blowing past 1% yesterday, for the first time in nearly two years—more struggling junk-rated borrowers may end up with negative cash flow, unable to pay interest payments on their loans.
If signed into law, the measure will head off uncertainty and legal fights around some $16 trillion of LIBOR-linked deals that may survive beyond June 2023.
Investors' interest in companies' ESG performance, and in ESG-focused investment options, may be pivotal in convincing organizations to take sustainability issues seriously.
Twice as many loss-making firms raised capital last year as did profitable ones, giving many companies additional liquidity to weather investors' tighter purse strings this year.
