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Even if most of the debt does get refinanced, companies may have to pay more, if heavy government borrowing causes rates for all borrowers to rise.
The point of temporary nationalization will be to stabilize the banking system (and the stock market) and bring about a blanket reduction in borrowing costs -- for all borrowers.
Providing this benefit for all borrowers would cost too much.
The central bank cut interest rates for all borrowers by a quarter of a percentage point, and by nearly a full percentage point for some borrowers.
Education Department officials stress that the programs are not meant for all borrowers, but as a safety net for those struggling with education debt.
"The Rock isn't on a roll yet, but the genuine good news for all borrowers and the market is that signs of normality are being detected".
Similar(44)
But the downturn turned into a worldwide plunge after the failure of Lehman Brothers in September 2008 led to the vanishing of credit for nearly all borrowers not deemed super-safe.
On Tuesday, the company raised interest rates for nearly all borrowers in a bid to "boost the attractiveness of the asset to investors," it said in a new SEC filing.
The next closest company was responsible for 11percentt of all borrower complaints.
In the three months to June, lending standards eased for all corporate borrowers, including small firms, for the first time since 2007, says the European Central Bank (ECB).
Of course, that mortgage-default level is still far lower than the 4.5 percent rate for all mortgage borrowers during this period, according to FICO, which is based in Minneapolis.
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