New Delhi, Oct. 29 -- Global refinancing risks are expected to increase sharply in 2028, with debt repayments due from companies with lower credit ratings projected to rise to USD 222 billion from USD 61 billion in 2027, according to a report by S&P Global.

The report highlighted that corporate borrowers continue to face uncertainty due to AI-related concentration risks, geopolitical tensions and high bond yields, which could increase borrowing costs.

While corporate issuers remain broadly resilient, S&P Global warned of growing differences between companies with stronger and weaker credit ratings as debt servicing costs increase and older debt is refinanced at higher interest rates.

The report said companies actively refinanced their ...