DEFAULTS ON LEVERAGED LOANS SOAR TO HIGHEST IN 4 YEARS
US companies are defaulting on risky loans at the fastest pace in 4 years.
Defaults in leveraged loans, mostly in the US, hit 7.2% in the year to October 2024.
This is the highest default rate since late 2020.
High interest rates are making it harder for companies with big debts to refinance.
Riskier companies are relying more on loans than high-yield bonds, where defaults are rising less.
