corporate defaults 2020

US corporate debt rose to 45% of GDP at the peak of the Great Financial Crisis

Corporate Debt Is In Serious Trouble – Here’s What It Means If The Market Collapses

Jefferson Frank ( via The Conversation) | Ratings agency Fitch is forecasting a doubling in defaults in 2020 on US leveraged loans, which refers to bank loans to businesses considered more risky. The agency expects a default rate of 5% to 6% this year, compared to 3% last year. The dollar value will exceed the previous high of 2009, and for retail and energy companies, the default rate could approach 20%.