Retail Leveraged Loan Default Rate Hits Record 18.9% in August

Credit rating agency Fitch warns the figure could reach as high as 25% by year's end

The leveraged loan default rate for retail continues to soar, reaching 18.9% in August from 17.5% at the end of July following the bankruptcy of apparel retailer Tailored Brands, the parent of Men’s Wearhouse and Jos. A. Bank, according to credit rating agency Fitch.