US companies’ debt cushion smallest since Q1 2021 :BofA ...Middle East

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The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Nov 8 (Reuters) – Rising borrowing costs made a slight dent in U.S. companies’ ability to make interest payments on their debt in the third quarter despite a boost in earnings, according to BofA Global Research. High-grade corporate borrowers’ average interest coverage ratio – how many times over a company’s income covers their interest payments – fell to 10.71x last quarter from 11.24x in the second quarter, the Tuesday report’s authors found based on preliminary data for 75% of co

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