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US private debt default rate hits record high in August: Fitch Ratings
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Economy: Direct - US private loan default rate jumped to a record 6.3% by the end of last August, compared to 6.1% in July,...
The default rate of private credit borrowers in the United States rose to 6.3% in the 12 months ended in August, according to Fitch Ratings. The data marks a new historical peak and reveals a particularly intense pressure on small companies in the health and industrial sectors, whose variable rate loans are increased when the references rise.
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Cryptocurrency News | Cryptocurrency Prices | Market CapUS private debt default rate hits record high in August: Fitch Ratings
Rising default rates in private debt could reshape investment strategies, emphasizing sector selection and risk management amid economic pressures.
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