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Here’s why companies can make it through wave of winter lockdowns, Goldman says

Large companies have stockpiled cash while the Federal Reserve underwrote the bond market

People walk by the New York Stock Exchange (NYSE) in lower Manhattan.
People walk by the New York Stock Exchange (NYSE) in lower Manhattan. Photo: Spencer Platt/Getty Images

Goldman Sachs predicts that US and European companies will make it through this winter's wave of local lockdowns and other restrictions without struggling to pay bills or service debt.

The investment bank said that the biggest corporate borrowers on both sides of the Atlantic raised enough money over the spring and summer to pay for several years of debt repayments.

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