HomeNewsOpinionFed backstop masks rising risks in America’s corporate debt market

Fed backstop masks rising risks in America’s corporate debt market

The borrowing binge has driven leverage — a ratio that measures debt compared with earnings — to an all-time peak for higher-rated, investment grade companies

Financial Times

©The Financial Times Limited 2020 Dec 22, 2020 / 11:55 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

Fed backstop masks rising risks in America’s corporate debt market

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