Companies bought on borrowed money fail to service debt
There will be a steady flood of announcements of setbacks, restructurings and bankruptcies as companies that were bought with borrowed money, n the private equity boom 2003-07, turn out to be unable to service their debt.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
US faces severe recession »US faces severe recession
Major nonfinancial companies go bankrupt as well »Major nonfinancial companies go bankrupt as well
Companies bought on borrowed money fail to service debt
Private equity deals of 2003-07 make no economic sense »Private equity deals of 2003-07 make no economic sense
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