[Fitch: US Private Credit Default Rate Rises to Record High in July] A Fitch Ratings report states that the default rate for the 1,300 US private credit borrowers it tracks rose to a record high in July. Fitch has been tracking this data since August 2024. On a 12-month rolling basis, the default rate for this borrower group rose to 6.1% in July, up from 6% in June. For the 300 issuers for which Fitch provides private credit ratings to insurance companies, the default rate fell to 8.6% in July from 9.4% in June. Of the aforementioned 1,300 private credit borrowers, Fitch recorded three private credit default events in July, involving one newly defaulted borrower and two repeat defaulters. In the 12 months ending July 2026, 83 borrowers defaulted, triggering a total of 105 default events.
