The Credit Cloud: Economic Resilience Will Propel A $14 Trillion North American Corporate Funding Need - S&P Credit Research

The Credit Cloud: Economic Resilience Will Propel A $14 Trillion North American Corporate Funding Need

5762 words — Published May 16, 2013
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Abstract:

Standard&Poor's Ratings Services estimates North American nonfinancial corporations' financing needs over the next five years (2013-2017) at $13.5 trillion to $14.3 trillion, with two-thirds to be applied toward refinancing and the remainder toward new investment (see table 1). The U.S. makes up the lion's share of this North American debt need, accounting for more than 90% of the total pie. Last year was a record setting year for the U.S. credit markets, while in Canada, private nonfinancial corporations' debt financing increased, but remained well below its 2007 pre-recession peak. As far as the U.S. is concerned, we expect that companies will largely use $3.4 trillion to $4.2 trillion of new debt financing for capital expenditures--and, to a lesser

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF The Credit Cloud: Economic Resilience Will Propel A $14 Trillion North American Corporate Funding Need Publication date: 16-May-2013 Primary Credit Analysts: Andrew Chang, San Francisco 415-371-5043;...

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
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S&P Credit Research—S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Credit Research. "The Credit Cloud: Economic Resilience Will Propel A $14 Trillion North American Corporate Funding Need" May 16, 2013. Alacra Store. Apr 23, 2014. <http://www.alacrastore.com/s-and-p-credit-research/The-Credit-Cloud-Economic-Resilience-Will-Propel-A-14-Trillion-North-American-Corporate-Funding-Need-1133266>
  
APA:
S&P Credit Research. (). The Credit Cloud: Economic Resilience Will Propel A $14 Trillion North American Corporate Funding Need May 16, 2013. New York, NY: Alacra Store. Retrieved Apr 23, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/The-Credit-Cloud-Economic-Resilience-Will-Propel-A-14-Trillion-North-American-Corporate-Funding-Need-1133266>
  
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