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US Corporate Delinquencies Near Eight-Year High Amid Interest-Rate Squeeze

Summary by thedailyupside.com
New data on corporate loans don’t make for soothing bedtime reading.  Even with a booming economy and stock market in the past two years, credit card delinquencies and auto loan defaults have reached decade plus-highs. And now US companies are missing loan payments at the highest rate in almost eight years, according to new data. Nobody’s Default But My Own Corporate credit has been a sturdy and dependable revenue source for banks in the wake of…

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thedailyupside.comthedailyupside.com

US Corporate Delinquencies Near Eight-Year High Amid Interest-Rate Squeeze

New data on corporate loans don’t make for soothing bedtime reading.  Even with a booming economy and stock market in the past two years, credit card delinquencies and auto loan defaults have reached decade plus-highs. And now US companies are missing loan payments at the highest rate in almost eight years, according to new data. Nobody’s Default But My Own Corporate credit has been a sturdy and dependable revenue source for banks in the wake of…

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PYMNTS.comPYMNTS.com

Corporate Delinquencies Reach Highest Rate Since 2017

Corporate delinquencies are reportedly at the highest rate they’ve reached in eight years. The delinquency rate for loans from U.S. banks to both U.S. and foreign companies rose to 1.3% at the end of 2024, a figure that was the highest since the first quarter of 2017 but well below the 5% seen during the 2008 financial crisis, the Financial Times (FT) reported Monday (Feb. 17), citing data from BankRegData. The total amount of bank debt on which…

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PYMNTS.com broke the news in on Monday, February 17, 2025.
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