私营企业还款脆弱性与不利经济条件

FEDS Notes Pub Date : 2023-05-01 DOI:10.17016/2380-7172.3254

Matthew Darst, Mary Zhang

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引用次数: 0

摘要

本文将宏观经济条件对公司利息覆盖率(ICRs)影响的分析扩展到私营企业，ICRs是McCoy等人(2020)开发的一种偿还风险指标。我们的分析是免费的。我们利用通过美联储的综合资本分析和审查(CCAR)过程获得的私营公司资产负债表上的独特数据，评估更新和新的宏观经济预测对公司利息覆盖率分布和路径的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Private Firm Repayment Vulnerabilities and Adverse Economic Conditions

This note extends to private firms an analysis of the impact of macroeconomic conditions on corporate interest coverage ratios (ICRs), a measure of repayment risk developed by McCoy et al. (2020). Our analysis is complimentary. We utilize unique data on private-firm balance sheets obtained through the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) process and evaluate the impact of updated and new macroeconomic projections on the distribution and path of corporate interest coverage ratios.

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FEDS Notes

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