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Corporate America’s debt load is nearing $10 trillion, a record 47% of the overall economy — and experts around the world are sounding the alarm
As demand for investment-grade debt has grown, the creditworthiness of issuers has fallen. According to BlackRock, leverage levels are creeping toward the highest readings since 1992. The firm measured leverage using a ratio of debt minus cash and cash equivalents to twelve-month EBITDA.
