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.
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
