Fitch U.S. Leveraged Loan Default Insight (Toys ‘R’ Us Filing Pushes Retail Loan Default Rate to New Highs)
Toys 'R' Us' filing on September 18 pushes the retail institutional leveraged loan default rate over 7% from last month's 5.3% mark and that figure could surpass 10% by year end, according to Fitch Ratings. With $5 billion of defaults, retail accounts for 30% of the year-to-date loan volume.
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