Most CFOs see little relief ahead
CFOs and senior comptrollers surveyed by Grant Thornton see little light ahead of the tunnel
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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