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Borrowing costs for companies around the world are rising dramatically despite central bank interest rate cuts

as rating agencies warn that the economic impact of the coronavirus will lead to a surge of corporate downgrades and defaults.

The average yield for investment-grade corporate debt has risen from 2.26 per cent two weeks ago to almost 4.5 per cent

FT 21 March 2020

Hidden within the $16 trillion corporate debt market are many potential troublemakers, including the zombies. 

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