Additionally, middle-market debt issuance fell 16% to $11.6 billion amid persistent high interest rates. Economists say that unless rates ease significantly or growth picks up, smaller corporate borrowers could face more repayment pressures in the coming quarters.

US corporate defaults on private debt climb to 5.5% in Q2, Fitch report says

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US corporate defaults on private debt climb to 5.5% in Q2, Fitch report says