Most CFOs see little relief ahead

A majority of 688 chief financial offiers and senior comptrollers surveyed by Grant Thornton expects the cost of credit increasing for their companies and the availability of credit decreasing.

The Grant Thornton survey conducted last month, found 55% of respondents said their credit costs had increase and 64% said credit was more difficult to get than a year ago, WebCPA reports.

However, when asked if they have needed to return to bank credit because they no longer could access alternative financing structures, 86% said no.

When asked what they expected of the US economy over the next six months, 22% said they thought it would improve; 47% predicted the economy would stay the same; and 31% expected it to worsten.

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