A Tight Lending Market is Squeezing Zombie Firms
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They're lumbering, stumbling, and hooked up to life support. They are, as some economists have dubbed them, "Zombie Firms." Think American Airlines and Carnival Cruises -- massive companies propped up by big-time name recognition and a friendly lending environment.
But with monetary policy tightening, and establishing a line of credit harder than ever, the bill may soon be coming due for some 600 zombie companies struggling to pay off the interest on pandemic-era loans.
Source Fool.com
