Investors fret over risks to US corporate credit as coronavirus spreads - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 06/03/2020 08:23:00
📰 SABC News Online

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ICYM: Investors are growing increasingly worried that the spreading coronavirus will hit US corporate cash flow and credit in some sectors, especially if the outbreak keeps workers at home or prevents companies from paying employees

US corporate debt is near all-time highs, as is the size of the so-called triple-B segment of the market – companies one notch above junk status. Sudden shocks to the economy disrupt cash flow and put companies at a greater risk of downgrade.

The US death toll stands at 11, in Washington state and in California. New York’s governor said on Thursday that 22 people in New York have the virus. Macro advisory firm Exante Data on Monday warned that banks may be reluctant to refinance loans to companies if creditworthiness is deteriorating rapidly.

Write Comment

We r already in recession, will they be any a need for another junk status,we know wt u aiming eitherway safety of our population is more important than making profit and growing the economy of already safe persons in their own comforts, poor remain poorest in this country

You still speak of USA what about u back home nigga

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