Standard & Poor’s (S&P) said that it expects US$3.6 trillion of European financial and non-financial corporate debt rated by S&P’s Ratings Services to mature from 2015 through 2019.
The credit ratings agency (CRA) added that of this US$3.6 trillion total, US$803bn is scheduled to mature in 2015, and, given normal data reporting lags, the credit market may already have accommodated a portion of this amount.
In the succeeding years, the annual scheduled maturities are US$783bn in 2016, US$753bn in 2017, US$616bn in 2018, and US$677bn in 2019.
In a separate estimate S&P expects US$578bn of rated financial and non-financial corporate debt to mature in the emerging markets (EMs) between 2015 and 2019.
Emerging Asia accounts for the largest share, with US$257bn of maturing debt, or 44% of the total, while the Latin America region has US$189bn (33%); and Eastern Europe, Middle East, and Africa (EEMEA) has US$133bn (23%).