Ograniczenia wzrostu emisji obligacji korporacyjnych na obszarze Eurolandu
Limitation of corporate bond issues increase in the Eurozone

Summary/Abstract: The article refers to the growth of corporate bond issues, which has lasted for almost two decades, with particular emphasis on the countries of Euroland. It is a very durable process which looks like a perpetual bull market on incorporate debt market, only slightly disturbed by the current crisis. The author draws attention to the phenomenon of the average corporate bond ratings decrease with the increase of their amount emissions. Especially important seems to be the problem of growth (diffused in time and space) of bankruptcies risk of more and more indebted companies, leading to the loss of these securities among many groups of their buyers. All the more it happens in the background of euro countries public debt, making the results of impossibility of corporate bonds repurchase less noticeable.

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