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The 2026 Maturity Wall: Why 'Zombie' Mid-Caps Are About to Hit a Funding Crisis
A massive wave of corporate debt issued during the low-interest era of 2021 is set to mature in the coming months, creating a 'refinancing cliff' for mid-sized companies. Investors need to watch interest coverage ratios as firms transition from 3% coupons to 7% or higher.
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