Moody’s released a report that would be headlines in the financial news media of any country that wasn’t in bed with Wall Street.
The average maturities of new debt issuance by Moody’s-rated banks around the world fell from 7.2 years to 4.7 years over the last five years – the shortest average maturity on record.
So how much is that in raw numbers? Banks will face $7 Trillion in maturing debt before the end of 2012, and $10 Trillion by the end of 2015.
Those are staggering numbers, but it doesn’t end there.
