Telegraph
"Standard & Poor's has warned that it may prove "extremely difficult" for European companies to roll over €565bn (£524bn) of rated corporate debt coming due by the end of the next year, raising the risk of a default crisis on low-grade bonds. ...The rating agency said car manufacturers have already "burned through" much of their cash reserve, leaving them "glaringly exposed to the downturn". Oil and gas, utilities, and telecoms are all likely to face difficulty refinancing their debts."
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