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News Stories (5 Results) - Loan Default

Reuters reported Bed Bath & Beyond said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank, triggering a 22% slump in its shares.The company said in a regulatory filing it does not have sufficient resources to repay... Read Story
January 27, 2023, 08:00 AM

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... Read Story
June 22, 2021, 08:05 AM

The 2021 institutional loan default rate forecast has been lowered to 2.5% from 4.5%, according to a new Fitch Ratings report."Operating conditions are starting to improve due to the ramp-up in coronavirus vaccinations and the easing of restrictions... Read Story
April 27, 2021, 08:10 AM

The March trailing 12-month institutional leveraged loan default rate stands at 3.9%, according to a new Fitch Ratings report."The current 2021 forecast is 4.5%, but if market access remains as open and issuer-friendly as it has been, the rate will... Read Story
March 24, 2021, 08:00 AM

According to an SEC filing, THQ Holdings reported Wells Fargo Capital Finance sent notice it is in default on its $50 million line of revolving credit. The filing states THQ was unable, “without unreasonable effort or expense,” to file its Quarterly... Read Story
November 12, 2012, 07:14 AM