Aug
27
U.S. Companies Begin to Chip Away at Mountain of Debt
ByMany investors remain concerned about corporate leverage, which still matches the highest level hit during the financial crisis
U.S. companies have been scaling back borrowing while posting improved earnings, marking their first sustained stretch of deleveraging since shortly after the financial crisis and stoking cautious optimism they can reduce the threat from their still-elevated debt levels.
The U.S. corporate sector started to cut its aggregate pace of borrowing by some measures after commodity prices plunged a few years ago, dealing a blow to energy companies and the debt investors who had funded them. Now, higher interest rates and changes…
