U.S. nonfinancial corporate borrowers are entering the second half of the year simultaneously buoyed by resilient economic activity and weighed down by persistent price pressures and the virtual certainty of higher-for-longer interest rates, S&P Global Ratings says in a report. Financing conditions look set to remain challenging through the end of the year, especially for the lowest-rated borrowers, according to S&P. The higher-for-longer environment means refinancing at prevailing rates can as much as double the interest expense for the lowest-rated companies, S&P says. S&P also says it expects the Federal Reserve to…
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