The Deal.com poses an interesting question: "By avoiding the pain of the debt financing markets now, are issuers who are delaying their deals only making matters worse for themselves when they finally do come to market?" The answer, as you may have predicted, can be summarized by the word "probably." The problem is, issuers aren't just holding off, they are simply delaying and postponing. However, there's already a significant amount of debt in the pipeline. And these companies are simply adding to it as the demand continues to plummet further and further.

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