Ratings: 29–30Global Corporate Debt Maturities Through 2029
Annual estimate published by S&P Global Ratings Research
S&P Global Ratings Research estimates that about $12.4 trillion in corporate debt (including bonds, loans, and revolving credit facilities from financial and nonfinancial corporate issuers) rated by S&P Global Ratings is scheduled to mature globally from 2025 through the end of 2029 (see charts below).
The majority (approximately 73%) of rated corporate debt maturing through 2029 is investment-grade (rated ‘BBB-’ or higher)
Global Maturity Schedule
(dollars in billions)
2025 | 2026 | 2027 | 2028 | 2029 | Total | |
| United States | ||||||
| Financial | ||||||
| Investment grade | $225 | $342 | $289 | $266 | $224 | $1,347 |
| Speculative grade | 10 | 32 | 37 | 64 | 53 | 196 |
| Nonfinancial | ||||||
| Investment grade | 471 | 539 | 514 | 449 | 444 | 2,417 |
| Speculative grade | 111 | 254 | 360 | 682 | 532 | 1,938 |
| Total United States | $816 | $1,167 | $1,201 | $1,461 | $1,254 | $5,898 |
| Europe | ||||||
| Financial | ||||||
| Investment grade | $430 | $534 | $451 | $421 | $321 | $2,157 |
| Speculative grade | 7 | 10 | 10 | 7 | 9 | 43 |
| Nonfinancial | ||||||
| Investment grade | 301 | 326 | 295 | 286 | 253 | 1,461 |
| Speculative grade | 66 | 143 | 134 | 283 | 223 | 848 |
| Total Europe | $804 | $1,012 | $890 | $997 | $806 | $4,509 |
| Rest of World | ||||||
| Financial | ||||||
| Investment grade | $250 | $219 | $205 | $140 | $114 | $928 |
| Speculative grade | 11 | 3 | 7 | 7 | 6 | 33 |
| Nonfinancial | ||||||
| Investment grade | 147 | 156 | 139 | 108 | 106 | 657 |
| Speculative grade | 47 | 67 | 68 | 70 | 74 | 326 |
| Total rest of world | $455 | $445 | $419 | $325 | $300 | $1,944 |
| Total Global | $2,075 | $2,624 | $2,509 | $2,783 | $2,360 | $12,351 |
Notes:
Data as of January 1, 2025
Includes bonds, loans, and revolving credit facilities that are rated by S&P Global Ratings
Excludes debt instruments that do not have a global scale rating
Foreign currencies are converted to U.S. dollars at the exchange rate on January 1, 2025
Source: S&P Global Ratings Credit Research & Insights