The 2021 institutional U.S. loan default rate forecast has been lowered to 1.5% from 2.5%, reflecting continued capital market confidence as constricted sectors re-open, according to a new Fitch Ratings report. "The anticipated 1.5% default rate would be the lowest rate since 2011 when it dropped to 0.6%. The year-end default rate could finish even lower than the projection if the current, strong environment continues," said Eric Rosenthal Senior Director Leveraged Finance. YTD default volume totals $4.6 billion compared with $37.1 billion one-year prior, the lowest recorded since 2011, which translates to a ... (full story)