Debt ratio hits post-crisis high

Strong demand for leveraged debt in Europe is driving up multiples to levels reminiscent of 2007

Strong demand pushed debt multiples in Europe to levels reminiscent of the pre-crisis peaks last year, as they hit their highest point since 2008.

New figures from debt advisory firm Marlborough Partners show that debt multiples - the ratio of debt to adjusted EBITDA - rose to 4.7x in 2013, up from 4.5x in 2012.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached