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US private credit defaults climb to record 6.3%

privateequitywire

4 hours ago

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The default rate among US private credit borrowers reached a record 6.3% in August, according to a report by Bloomberg citing data from Fitch Ratings, highlighting continued pressure on leveraged companies amid higher borrowing costs and subdued deal activity.
The reports cites Fitch Ratings as saying that its trailing 12-month default rate across a sample of approximately 1,300 private credit borrowers increased from 6.1% in July to 6.3% at the end of August. The ratings agency also recorded th...

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