Moody's Analytics agency warned that the United States could cover the next financial crisis due to risky debts of non-financial companies that reached the level of $ 2.7 trillion. The situation demonstrates "frightening" similarities with subprime ten-year-old mortgages. This follows from the report of the agency, promulgated on August 23. As Mark Zandi, chief economist at Moody's Analytics, remarks, it was subprime mortgages that led to the financial crisis in the US in 2007-2008, and ultimately to the global economic downturn. The current market of risk loans (leveraged loans) and "junk bonds" (junk bonds) can lead the country to the same disastrous result.

Borrowers use these loans to finance mergers and acquisitions, dividend payments, share buybacks, debt refinancing. "This is the most serious emerging threat to the current business cycle," says Sandy. According to Moody's, the volume of risky loans in the US reached a record $ 1.4 trillion, and in total with "junk" corporate bonds, the risk debt is about $ 2.7 trillion. "And now notice that the debts on subprime mortgages were close to $ 3 trillion at its peak before the financial crisis (2008)," the economist pointed out to the "frightening" figures. As of July of this year, about 3.

4% of "junk" corporate debt in the US was in default, according to a report by Moody's. In Zandi's opinion, it's too early to make final conclusions, but "even though there are significant differences between subprime leverage lending and subprime mortgage lending, the similarities look ominous". In June, the World Bank warned of the impending global financial crisis.

The organization predicted that in the next couple of years global shocks should not be expected, but after 2019. The situation can dramatically change for the worse.