Horror Stories Emerge After A Cursory Look At Chinese Corporate Leverage…” find a place behind which to hide, and hunker down ahead of the coming explosion.”

by Tyler Durden
ZeroHedge.com
02/08/2016

In any other case debt/EBITDA at or higher than 10x – certainly 15x – in a world in which cash flows are rapidly deteriorating would be an excuse for bondholders to take to the hills. But when you have such leverage ratios as 83x one can only quietly stand back, find a place behind which to hide, and hunker down ahead of the coming explosion.

The Rest…HERE

This entry was posted on Monday, February 8th, 2016 at 3:45 pm and is filed under China, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.