Reading Tea Leaves – And Ripple Effects – Of Corporate Default Risk
PYMNTS
NOVEMBER 22, 2019
The gap can be explained by the fact that private firms have been able to take on debt, and at higher rates (due to higher risk) than has been seen with public firms. High leverage and riskier debt, amid trade and currency risks, makes for a dangerous mix. But eventually, leverage catches up with almost everyone.
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