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America's debt load rises 30 times in last 50 years
Finance
- 01 September, 2020
- 10:24
US companies' total debt to creditors in the form of bonds or loans reached $10.5 trillion, Report says, referring to foreign media.
According to Bank of America (BofA), this figure has increased 30 times in the last 50 years.
Most of this money belongs to US companies with a high credit rating from "AAA" to "BBB". Debt in this segment has more than doubled in the last ten years to $ 7.2 trillion.
About half of it "at the level of investment" ($ 3.6 trillion) is placed on the border of "BBB", which is a few steps above speculative or "garbage" level.
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