Rising Rates Strain Corporate Finances as Interest Costs Hit Record $125 Billion
- Global corporate interest payment burden rises to record $125bn
- Rising interest rates and debt balances pressure company finances
- Carnival cruise line will use extra funds to pay down part of its debt
- Corporations now have $12.75 trillion in interest-bearing debt, nearly double post-2008 crisis
- Cost of paying interest rose to record $125bn in Q2 2022, straining some finances