Fitch Warns European Leveraged Finance Stress Mounting Despite June Default Rate Decline

According to Fitch Ratings, default rates in Europe's leveraged financing market declined for the third consecutive month in June, yet market stress continues to accumulate. The rating agency expanded its Market Concern Loan list in its latest European corporate distress and default monitoring report, noting increases in both top-tier and tier-two loan categories, signaling persistent underlying pressure in the market.
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