NY Times: Cost Of Corp Borrowing Goes Up

Dateline January 19th: New York Times “Cost of Borrowing Zooms Higher For Corporations” Like consumers and homeowners, America’s corporations binged on easy credit when times were flush, racking up huge debts. Now the bills are due, and paying them back will not be easy, or cheap. But with the credit markets still tight, corporations are being forced to pay much higher interest rates than they did a few years ago, putting more strain on balance sheets already hammered by falling profits and a grinding recession.