U.S. private credit risks are accelerating! The default rate has risen to a record 6.3%, and the number of default events in August hit a one-year high.

Zhito Finance APP has learned that credit stress in the U.S. private credit market is intensifying further. A report released by Fitch Ratings on Monday showed that, as of the end of August, the trailing 12-month default rate for about 1,300 U.S. private credit borrowers it tracks rose to 6.3%, surpassing the previous high of 6.1% set in July and setting a new record. At the same time, the number of private credit default events in August also hit the highest monthly level of the past year.