Study says global rated corporate debt maturing through 2023 is nearing US$11 trillion

SINGAPORE - Close to US$11 trillion in corporate debt rated by S&P Global Ratings is scheduled to mature from Januart 1, 2019, through to the end of 2023. S&P says the amount of rated corporate debt scheduled to mature over this period has risen by 5% since the beginning of 2018.

Annual corporate debt maturities will reach a peak of US$2.27 trillion in 2022.
 "Credit market issuance is slowing, with multiple headwinds that have been straining the market, including central bank policy normalisations in the U.S. and Europe, the uncertain terms of Brexit, and slowing economic growth in China as well as in much of the developed world," said Diane Vazza, Managing Director of S&P Global Fixed Income Research. 
S&P says the maturity schedule of global corporate debt appears largely manageable over the near term because 79% of the debt maturing through 2023 is investment grade (rated 'BBB-' and above) and most of the higher-risk debt that is speculative grade (rated 'BB+' and below) has maturities that have been pushed out to 2022 and beyond. 
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