Fear of ratings downgrades puts companies off debt-driven deals
Higher borrowing costs have increased the cost of losing prized investment-grade status.
Source: afr.com
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Higher borrowing costs have increased the cost of losing prized investment-grade status.
Global capital markets deal volumes have fallen not just from their pandemic highs but also from the start of 2019. Undaunted, bankers remain upbeat about prospects. While aggregate activity is down, the detailed picture is certainly more nuanced.