NEW YORK--(BUSINESS WIRE)--The breakneck pace of merger and acquisition (M&A) activity continues to increase the risk that US companies will overleverage balance sheets and/or miscalculate synergy prospects, according to Fitch Ratings. While M&A activity in 2014 supported Fitch's rated portfolio, the risk of M&A-driven downgrades is heightened. In some cases consolidation has led to stronger competitive positions (including operating synergies) while in others it has been a driver o
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