Fitch U.S. High Yield Default Insight (U.S. High Yield Default Rate Remains Below 2%; Seadrill Propels Yankee Rate)
Several U.S. high yield companies have interest payments scheduled for Sept. 15 which, according to Fitch Ratings, if not made would move the default rate above the current 1.8% mark, and includes two large retailers.
Claire's Stores and Nine West Holdings are both on Fitch's Bonds of Concern list, indicating a high probability of default within the next year. Claire's CEO indicated during the company's second-quarter earnings call that the payment would be made.
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