With the credit markets tightening, a majority of the 688 CFOs and senior comptrollers surveyed by Grant Thornton see the cost of credit increasing for their companies, and the availability of credit decreasing.
The poll, conducted last month, found that 55 percent of the respondents have seen their credit costs increase, while 64 percent said that credit is more difficult to come by than a year ago. However, when asked if they have needed to return to bank credit because they no longer could access alternative financing structures, 86 percent of the CFOs and senior comptrollers said no.
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