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covid pandemic

US leveraged loan default rate surpasses 4% as oil and gas break industry record

Loan defaults in the United States continued to rise in July, surpassing 4% by number of issuers for the first time since 2010, after five components of the S & P / LSTA Loan Index. leverage tripped the defaults of $ 7.7 billion term loans. The rate by number of issuers, at 4.14%, is the …