Fitch: U.S. Private-Credit Default Rate Hit Record 6.1% in July
Fitch Ratings said in a report released Thursday that the default rate among the 1,300 U.S. private-credit borrowers it tracks reached a record high in July. Measured on a rolling 12-month basis, the borrowers’ default rate rose to 6.1% in July from 6% in June. Fitch began tracking the data in August 2024. Among 300 issuers for which Fitch provides private ratings to insurers, the default rate fell to 8.6% in July from 9.4% in June. Fitch recorded three private-credit default events among the 1,300 borrowers in July, involving one newly defaulting borrower and two borrowers that defaulted again. In the 12 months through July 2026, 83 borrowers defaulted, triggering a total of 105 default events, according to Bloomberg.
Fitch Ratings said in a report released Thursday that the default rate among the 1,300 U.S. private-credit borrowers it tracks reached a record high in July.
Measured on a rolling 12-month basis, the borrowers’ default rate rose to 6.1% in July from 6% in June. Fitch began tracking the data in August 2024.
Among 300 issuers for which Fitch provides private ratings to insurers, the default rate fell to 8.6% in July from 9.4% in June.
Fitch recorded three private-credit default events among the 1,300 borrowers in July, involving one newly defaulting borrower and two borrowers that defaulted again. In the 12 months through July 2026, 83 borrowers defaulted, triggering a total of 105 default events, according to Bloomberg.
Measured on a rolling 12-month basis, the borrowers’ default rate rose to 6.1% in July from 6% in June. Fitch began tracking the data in August 2024.
Among 300 issuers for which Fitch provides private ratings to insurers, the default rate fell to 8.6% in July from 9.4% in June.
Fitch recorded three private-credit default events among the 1,300 borrowers in July, involving one newly defaulting borrower and two borrowers that defaulted again. In the 12 months through July 2026, 83 borrowers defaulted, triggering a total of 105 default events, according to Bloomberg.