U.S. Blue Chips Are Healthier Than Leverage Implies

U.S. companies are finding it cheaper to borrow from the investment-grade market, buoyed by a wave of ratings upgrades, faster earnings growth, and…

By Caleb Mutua | June 05, 2024 at 08:29 AM

Photo: Coils of steel at the Marlin Steel Wire Products factory in Baltimore, Maryland, on March 14, 2024.

U.S. companies are finding it cheaper to borrow from the investment-grade market, buoyed by a wave of ratings upgrades, faster earnings growth, and improving profit margins, according to Bank of America Corp.

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