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.
These indicators imply a much better fundamental picture for big corporations than leverage, bank strategists including Yuri Seliger wrote in a note on Friday. While different measures of leverage are rising—with first quarter gross leverage hitting the highest since the second quarter of 2021—the strategists caution against only looking at the backward-looking accounting metric.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
