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US retail default rate forecast veers higher as pandemic upends industry
May 5, 2020 (7.33 mins)
Mickey Chadha
Mickey Chadha from the Corporates team and Suzanne Miller from Ratings and Research talk about how the coronavirus crisis is causing severe dislocation in the US retail industry and how this is driving retail’s speculative-grade default rate forecast higher. ​​
Retail – US: Default rate forecast skyrockets as coronavirus infects retail and apparel
​​We project the default rate for speculative grade retail and apparel companies will surge to 18% by April 2021 from today's 12.4%, surpassing the previous 2018 peak of 17%. ​
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