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