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March 9, 2004

All Business: Rising interest rates may squeeze profits

  • At some firms low interest rates may just be masking problems.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- No one expects interest rates to stay at near rock-bottom levels forever, but there are plenty of companies probably hoping that they don't rise anytime soon.

    That's because even a slight blip in rates could spell trouble for debt-laden firms. It will put pressure on their cash flows and may even leave some scrambling to cover their newly elevated interest payments. In the process, profits will get squeezed.


     
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