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Subscriber OnlyMarketsShrinking Pool of Bad Debts Is a Good Sign for Emerging MarketsDeveloping nation corporate debt has gained since March rout‘Zombie’ companies can muddle through the global recessionPhotographer: Qilai Shen/BloombergByEzra Fieser+FollowJune 22, 2020, 1:00 PM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterThe pile of distressed debt in emerging markets that ballooned in March is quickly shrinking, suggesting to some investors that fears of a wave of corporate collapses are overblown.
