Corporate America levered up in 2020 as the coronavirus pandemic threatened revenues. In the third quarter of 2020, S&P 500 companies held a total of $1.88 trillion in cash leaving them well placed to deleverage. But even with ample cash on hand, companies are likely in no hurry to unwind that buildup of debt.
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Corporate America not likely to unwind COVID-19 debt buildup despite credit hits
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