Debt-laden firms hit by rising interest rates: Cineworld sounds alarm - This is Money

3/17/2022 12:00:00 AM3 years 1 month ago
by Archie Mitchell, Francesca Washtell
by Archie Mitchell, Francesca Washtell
The Bank of England raised interest rates yesterday to 0.75% just hours after the US Federal Reserve raised rates for the first time in three years.
Rising interest rates are piling pressure on heavily indebted companies as the cost of servicing their borrowing soars. The Bank of England raised interest rates yesterday to 0.75 per cent in its th… [+3882 chars]
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