Middle Market & Private Credit – 6/17/2024

Default Rate Rises in Fitch’s U.S. Privately Monitored Corporate Ratings Portfolio

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The default rate for Fitch’s corporate portfolio of U.S. Privately Monitored Ratings (PMR) continues to rise despite better-than-expected resilience and growth of the U.S. economy as issuers continue to struggle with elevated interest rates and impending loan maturities.