The problems are at their most acute for those large companies that are rated below investment grade and that for one reason or another – an accident of timing or a sudden worsening of business conditions – need to refinance their debt. It is these businesses that face most difficulties right now.
对于评级低于投资级、并且由于这样或那样的原因——时机巧合或是业务状况的突然恶化——而需要对债务再融资的大型企业来说，问题已经到了最严峻的时刻。它们也正是目前处境最困难的企业。
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