Record debt levels in Corporate AmericaThe Kraft Heinz debt trouble serves as another reminder of the large amounts of debt that Corporate America has taken on during a decade of extremely low interest rates. Speeding up balance sheet clean upThe good news is that Kraft Heinz is taking significant steps to address its balance sheet. Last week, S&P Global Ratings put Kraft Heinz on notice for a downgrade over the next two years. While Kraft Heinz execs promised to clean up the balance sheet, their comments also suggest the debt problem could come back. In other words, Kraft Heinz wants to quickly lever back up to pay for more acquisitions.

Source: CNN February 25, 2019 20:15 UTC