US department stores lead consumer-facing companies among probability of defaulting, S&P says
-related challenges are mounting for an already struggling group of retailers," the firm said in a note to clients Thursday morning.
S&P Global Market Intelligence's median, one-year probability of default represents the odds that a company will default on its debt within the next year, based on fluctuations in a company's share price and other risk factors. That jumped to higher than 40% for some industries earlier this month. That's compared with being under 10% at the end of February, according to the firm's analysis of publicly traded consumer companies in the U.S.
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