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The walking debt: 'zombie companies' unable to meet borrowing costs rise 10% in 2022, finds new Kearney report
LONDON, Oct. 26, 2022 /PRNewswire/ -- Leading global consultancy partnership Kearney has today released new data showing that a rapidly increasing number of businesses have become 'zombie companies', namely firms that have been unable to cover interest costs on their borrowing for the past three years, based on their current operating profit. These so-called 'zombie companies' are at imminent risk of insolvency as interest rates rise around...
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