A debt binge has left a quarter of US corporate assets vulnerable to a sudden increase in interest rates, the International Monetary Fund has warned.
The ability of companies to cover interest payments is at its weakest since the 2008 financial crisis, according to one measure.
The IMF’s twice-yearly Global Financial Stability Report, released yesterday, highlighted what economists at the fund see as one of the main risks facing President Donald Trump and his plans to boost US growth through a combination of tax cuts and infrastructure spending.
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