Borrowing soars as speculative-rated firms work to pay dividends

09/28/2010 | Bloomberg · Wall Street Journal, The

Private-equity investors are pulling dividend cash out of companies with speculative-grade credit at a rate that hasn't been seen since the credit-market meltdown. The volume of high-risk, high-yield borrowing by businesses with questionable credit to pay dividends has reached $17.1 billion this year, according to Standard & Poor's Leveraged Commentary and Data.

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Bloomberg · Wall Street Journal, The

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