In the 12 months ended in April, Fitch clocked 99 defaults of various kinds, including interest payment deferrals, maturity extensions under duress, and payments-in-kind instead of cash, as well as more conventional bankruptcies, liquidations and debt-equity swaps.
—
Tobias Burns,
CNBC,
28 May 2026
Of those defaults, 60 percent involved interest payment deferrals or conversion to payment-in-kind arrangements, where borrowers simply add unpaid interest to their principal rather than paying it in cash.
—
Mayra Rodriguez Valladares,
Forbes.com,
27 May 2026
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