Zombie Firms Face $500 Billion Debt Wall in 2024
Fall of the zombies? Why corporate failures could surge in 2024 | Reuters
- Companies face $500 billion refinancing challenge in early 2024
- Many "zombie" firms may not survive rate hikes and tougher lending
- Signs of distress already emerging with insolvencies up 19% in UK
- Banks bracing for more corporate troubles and tighter capital rules
- Smaller firms struggling most to secure financing at rates they can afford
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