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Not full yet — there’s little sign that corporate America’s debt binge will end

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Low interest rates and ample liquidity since the financial crisis have enabled U.S. companies to be aggressive with financial policies, piling up more debt than their earnings performance might justify at another time in history.

Companies are not about to stop borrowing, given such attractive rates, but the corporate debt market is stepping more cautiously now as the economic recovery ages, said Moody’s Investors Service in a report released Wednesday.

For investment-grade U.S. companies, the trend of increasing leverage continued unabated through mid-2016. This becomes obvious when comparing company debt load to earnings performance. The ratio of median debt-to-EBITDA for U.S.

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