Companies are taking on another $1 trillion in debt
(World News USA)

London (CNN Business)Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger. What`s happening: Corporate debt is poised to soar to a new record in 2020, Janus Henderson said in a report Monday. The asset manager, which analyzed 900 companies from around the world, said net borrowing could increase by as much as $1 trillion this year over 2019, when it surged to $8.3 trillion. `As the global recession takes hold, profits and cash flow will be sharply lower,` Janus Henderson analysts said in the report. Even as companies...