U.S. leveraged loan defaults at six-year high as coronavirus hits businesses

U.S. leveraged loan market is part of the main drivers of the U.S. economy. The trailing 12-month default rate increased to 2.8% from 1.8% in 2019. These led the monthly tally of defaults in the U.S. leveraged loan market to hit a six year high which has negative affected businesses and the U.S. economy.
Reuters