U.S. corporate debt growth seen continuing, unless exports tank: S&P Global

Investors' continued thirst for yield spurred demand for U.S. corporate debt in the capital markets last year, S&P Global says. The total amount of U.S. corporate debt rated by S&P Global Ratings rose 8% to $9T last year.

S&P Global's economists expect 2.9% real GDP growth this year, signaling that corporate debt will continue to expand.

Still, trade tensions and the strengthening dollar could weigh down export growth, and subsequently, corporate growth.

Investment-grade debt increased by almost 8% to almost $6.5T last year, while the amount of speculative-grade debt grew by 9% to $2.5T, spec-grade bond issuance's first year-over-year rise since 2012.

Most of the outstanding rated debt is from nonfinancial issuers at $6.9T, while financial services companies account for about $2.1T.

Previously: S&P's 'Global Corporate Leverage Trends 2018' (Feb. 5)

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标准普尔环球(S&P Global)表示，投资者对收益率的持续渴求刺激了去年资本市场对美国企业债券的需求。标准普尔全球评级(S&P Global Ratings)评定的美国企业债务总额去年上升8%，至9T美元。

标准普尔全球的经济学家预计今年的实际GDP增长率为2.9%，这表明公司债务将继续增长。

不过，贸易紧张和美元走强可能会拖累出口增长，进而拖累企业增长。

去年，投资级债券增加了近8%，达到几乎6.5T美元，而投机级债券的数量增长了9%，至2.5T美元，这是自2012年以来的首次同比增长。

大部分未偿还的评级债务来自非金融发行者，为6.9T美元，而金融服务公司约占2.1T美元。

之前：标准普尔的“2018年全球企业杠杆趋势”(2月5日)

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