Is a “corporate debt bomb” about to explode?
Such a bomb might explode zombie companies all over the economy.
(From Greenwich Time)Access to low-cost credit helped many companies grow and hire…it also enabled some that weren’t profitable to survive by repeatedly refinancing their debt. These “zombie” firms, which do not earn enough to cover their interest payments, account for one in every six publicly-traded U.S. company.
Reprinted from: https://www.ac2news.com/2020/03/is-a-corporate-debt-bomb-about-to-explode/
