Debt pay­back man­age­able

Townsville Bulletin - - Investor -

AUS­TRALIAN com­pa­nies will have to raise about $ 60 bil­lion to re­fi­nance debt ma­tur­ing in the next five years, an amount Moody’s In­vestors Ser­vice be­lieves is man­age­able. The credit rat­ing agency said the amount of debt re­fi­nanc­ing fac­ing rated cor­po­rate is­suers in Aus­tralia should be ‘‘ man­age­able,’’ pro­vided the sec­tor con­tin­ued to demon­strate ‘‘ proac­tive man­age­ment’’ of its debt ma­tu­ri­ties. ‘‘ We con­sider that the amount – al­though sig­nif­i­cant – is cur­rently man­age­able within the rat­ings,’’ Moody’s se­nior vice pres­i­dent Terry Fanous said yes­ter­day.

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