Debt structure and rising interest rates: focus on European companies

Structure de dette et hausse des taux, le cas des entreprises européennes

Maxime Gueuder and Sébastien Ray

Eco Notepad (in progress) from Banque de France

Abstract: The rise in interest rates in the euro area is increasing the cost of the stock of corporate debt, but at different rates across countries. This blog post examines corporate debt structures in euro area countries between 2021 and 2023, and confirms that average costs rise less quickly in euro area countries where debt is contracted at a fixed rate and a long maturity, as is the case in France.

La remontée des taux en zone euro renchérit le coût du stock de dette des entreprises, mais à des rythmes différents selon les pays. Ce billet étudie les structures de dette des entreprises dans les pays de la zone euro entre 2021 et 2023, et confirme que les coûts moyens augmentent moins vite dans les pays de la zone euro où la dette est à taux fixe et à long terme, comme c’est le cas en France.

Date: 2024-03-29
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https://www.banque-france.fr/en/publications-and-s ... s-european-companies
https://www.banque-france.fr/fr/publications-et-st ... -politique-monetaire

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