( ) -q-19- UNDATED (Correspondent Jeremy House) “they repay debt.” Companies that piled on debt throughout the pandemic and the economic recovery could be in for a tough road ahead as the bills come due. [CutID: <Cuts> CORPORATE-BORROWERS-house-q-FRIam.mp3 Time: 19s Title: CORPORATE-BORROWERS-house-q-FRIam Out-cue: they repay debt] TAG: Correspondent Jeremy House reporting. ————————– VERBATIM: Corporate borrowers […]
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Corporate borrowers squeezed by rising rates
( ) -q-19- UNDATED (Correspondent Jeremy House) “they repay debt.”
Companies that piled on debt throughout the pandemic and the economic recovery could be in for a tough road ahead as the bills come due.
[CutID: <Cuts> CORPORATE-BORROWERS-house-q-FRIam.mp3
Time: 19s
Title: CORPORATE-BORROWERS-house-q-FRIam
Out-cue: they repay debt]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Corporate borrowers will have to pay more of that debt back as refinancing grows more difficult with rising interest rates. Economists and analysts expect some kind of recession to hit the U.S. economy in 2023. The severity of it could weigh heavily on both large and small companies as they repay debt.