The rise of the world's debt-laden 'zombie' companies
The so-called 'Zombie' companies could soon be facing their day of reckoning, with due dates looming on hundreds of billions of euros of loans they may not be able to pay back. “They’re going to get crushed,” Valens Securities managing director, Robert Spivey, said of the weakest ones. Here are the key takeaways from the AP analysis: What is a 'zombie' company?'Zombies' are commonly defined as companies that have failed to make enough money from operations in the past three years to pay even the interest on their loans. Their numbers have swelled because low interest rates for years allowed co...