The problems are at their most acute for those large companies that are rated below investment grade and that for one reason or another – an accident of timing or a sudden worsening of business conditions – need to refinance their debt. It is these businesses that face most difficulties right now.
對於評級低於投資級、並且由於這樣或那樣的原因——時機巧合或是業務狀況的突然惡化——而需要對債務再融資的大型企業來說，問題已經到了最嚴峻的時刻。它們也正是目前處境最困難的企業。
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