Corporate debt maturing in 2015-19 totals $8.9 trillion

Standard & Poor’s projected that $8,879bn in corporate debt worldwide would mature between 2015 and 2019, with $1,610bn due in 2015, $1,753bn in 2016, $1,894bn in 2017, $1,714bn in 2018 and $1,908bn in 2019. The U.S. has $3,700bn in maturing debt during the covered period or 41.7% of the global maturing debt; followed by Europe with $3,631bn (40.9%), other developed countries with $969bn (10.9%) and emerging markets with $578bn (6.5%).

In addition, non-financial corporate debt that matures during the 2015-19 period totals $4,925bn and accounts for 55.5% of corporate debt that matures during the covered period, while maturing financial corporate debt amounts to $3,954bn or 44.5% of the total. Further, investment grade corporate debt totals $6,861bn or 77.3% of corporate debt that matures during the covered period; while speculative grade corporate debt amounts to $2,017bn or 22.7% of the total. Maturing corporate debt in the telecommunications sector totals $549bn and accounts for 11.1% of total non-financial maturing corporate debt, followed by the oil & gas sector with $483bn (9.8%), the healthcare sector with $436bn (8.9%), consumer products with $430bn (8.7%) and utilities with $369bn (7.5%).